PSP 0.00% 0.1¢ prosperity resources limited

re: Ann: Diamond Drilling Underway at Pinang-... Drilling...

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  1. s8
    7,757 Posts.
    re: Ann: Diamond Drilling Underway at Pinang-... Drilling underway.

    15c sp. and few sellers. Nice.





    Diamond Drilling Underway At Pinang-Pinang Prospect

    Prosperity Resources Limited (ASX: PSP) is pleased to announce that it has commenced a
    diamond drilling program at the Pala Prospect of the Pinang-Pinang gold copper Project in
    Aceh Province, Indonesia.
    The Pinang-Pinang drill program aims to test the down-dip and along strike continuity and
    tenor of multiple, steeply dipping to sub-vertical, partially oxidised silica-magnetite-sulphide
    replacement alteration zones and domains of surrounding porphyry-style veining and goldcopper
    ±molybdenum mineralisation. An understanding of the sub-surface geology and its
    relationship to surface outcrops and the 3D distribution of near-surface mineralisation will
    assist in targeting deeper extensions of mineralisation within the sub-vertically emplaced
    Pinang-Pinang intrusive system.
    An initial, shallow scout 3,000 metre drilling program is planned using a Drillcorp manportable
    diamond coring rig. Grid-based HQ diamond core holes are planned at 40 metre
    collar spacings along five 80 metre spaced, northeast trending section lines. A number of
    holes will be completed at 60 and 80 metre collar spacing due to topographic constrains.
    Assay results will be released as they become available.

    For further information please contact the undersigned on (08) 9322 7575.
 
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