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.
PSP Price at posting:
15.0¢ Sentiment: None Disclosure: Held