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Sumatra Copper update on Tembang Gold project in Indonesia

Mining News - Published on Thu, 12 Jul 2018

Image Source: Breakaway Research
Sumatra Copper & Gold plc has received high-grade gold and silver intersections from ongoing drilling at its operating Tembang Gold-Silver Project in Indonesia. The drilling has returned best results of 0.7 metres grading 7.21 g/t gold and 29.9 g/t silver from 189.7 metres and 0.9 metres at 14.7 g/t gold and 11.8 g/t silver from 291 metres.

Three holes have been completed testing for extensions to the Belinau underground mine with eight completed at the Buluh and Berenai mines targeting open-pit extensions.

Funded campaign
Sumatra has completed 5,028 metres of diamond-drill holes since February 2018 as part of the drilling campaign funded by its strategic alliance partner PT Merdeka Copper Gold Tbk.

Merdeka will receive shares Sumatra in exchange for its funds spent on exploration.

Sumatra’s chief executive officer Rob Gregory said that “Whilst it is still early days in the Merdeka strategic alliance, we are very pleased with the results thus far.”

At Belinau, the expected structures were present in the three holes.

Two holes had weak mineralisation of less than 1 metre at less than 1 g/t gold while a third featured a 0.9m intersection grading 14.7 g/t gold and 11.8 g/t silver from 291 metres.

Sumatra reported that this most easterly hole seemed to be coming from a separate parallel structure to the main vein being mined at Belinau.

Source :

Posted By : Joykumar Irom on Thu, 12 Jul 2018
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