Pretty significant announcement, shame the market is so bearish atm to recognise this:
Could see some significant gold hits from this drilling imo:
Key Points:
�� Drilling commences at Hutabargot Julu prospect targeting southern extension of the Sarahan vein
Initial focus on a large multi-element soil geochemical anomaly at the extrapolated intersection of the Sarahan and Ali veins (soil samples including 12.8g/t Au and 22g/t Au).
�� Several other soil anomalies generated from recent geochemical sampling.
*Epithermal systems often host rich gold mineralisation, as is evidenced elsewhere in Indonesia in lowsulphidation deposits at P.T. Newcrest’s Gosowong and Kencana projects on Halmahera Island, P.T. Antam Tbk’s Pongkor mine in West Java, ARC Exploration’s Cibaliung deposit south of Pongkor and Oz Minerals’ world-class 6 Moz gold high-sulphidation Martabe gold and silver deposit, located 70 km north of Pungkut.
*The length, width, orientation and continuity of veining within the prospect area indicate a "very large system", with the potential to host "massive gold accumulations."
*These results have outlined several anomalous areas, the most prominent of which is Sarahan South, located south of the Simalagi River. Geological mapping following up on two +5 g/t Au rock outcrop samples situated within the anomaly identified massive silica alteration and veining. Interpretation of the geological mapping of this area suggests that this anomaly is coincident with the extrapolated convergence of the Sarahan and Ali veins, creating an ideal structural environment for *"substantial mineralisation."*
ORP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
