Wonogiri keep reserves of gold and copper in a large scale. According to the mineral producer based in Sydney Australia, Augur Resources Ltd., the precious metal content was exposed in an area of 3928 hectares. Gold and copper were found in Wonogiri northern part, precisely in the mine Randu Yellow, Wonogiri, Central Java.
"The location of gold and copper depth of drilling was shown to give significant benefits for large-scale mining activities in Wonogiri," said Augur Manager Director, Grant Kensington in a press release on Monday (6/20/2011).
Last May, the drilling at a different location, Augur also claimed similar findings. According to the plan, the company will re-do the next drilling before the end of June in order to establish the highest levels of minerals in the location of the project.
Last May, the drilling at a different location, Augur also claimed similar findings. According to the plan, the company will re-do the next drilling before the end of June in order to establish the highest levels of minerals in the location of the project.
The area of the project is 3928 acres. Augur itself has a 51% stake in the project with the option of ownership up to 80%. Meanwhile, the general meeting of shareholders of the issuance of new shares was held June 30. In addition to the Yellow Randu project finance, funds of U.S. $ 6.31 million from the release of 30 million units of shares will also be used to finance the gold and copper project in Jampang, West Java.
"The prospects look very encouraging Randu Yellow in the presence of mineralized zones are still open to (the) west, north and south," said Grant Kensington.
Based on survey results, the gold was found at varying depths of 32.5 meters (0.66 grams per tonne), 43 meters (1.55 grams per tonne), 59.1 meters (1.31 grams per tonne) to 105.5 meters (0.95 grams per tonne). While copper is found at a depth of 5 meters (0.13%), 8.2 meters (0.3%), 14 meters (0.24%) up to 49.5 meters (0.27%).
Based on survey results, the gold was found at varying depths of 32.5 meters (0.66 grams per tonne), 43 meters (1.55 grams per tonne), 59.1 meters (1.31 grams per tonne) to 105.5 meters (0.95 grams per tonne). While copper is found at a depth of 5 meters (0.13%), 8.2 meters (0.3%), 14 meters (0.24%) up to 49.5 meters (0.27%).
In addition to the center of the mine Randu Yellow, gold ore allegedly found in the surrounding area. "Although our current focus on Randu Yellow, there are strong indications of gold mineralization and silver mines in the area around Randu Yellow. Also additional anomalous gold stream in the southern region, "he added.
In order to know the potential of mining the precious stones that, Augur plan to do some ground magnetic surveys to help identify targets. Additional trenching program has done and is still awaiting a detailed assessment of each prospect.
Identification of expected results this year could be obtained from each prospect in order to begin test drilling of the zone's most promising. "The system of mineralization in Wonogiri thought to be in the center of the volcanic caldera, one of which was in the Sunda-Banda arc drawn from the trough of Sumatra, Java to the east, Sumbawa," explained Grant.
Investors Pull
Augur continue the test drilling has been done before by PT Oxindo in 2009-2010. PT Oxindo is a subsidiary of Minerals and Metals Groups, the company's mining operators, project development and exploration of mining fields.
Meanwhile, until recently, the Village Jendi, District Selogiri does have a gold mining area. However, gold mining in Jendi still traditionally cultivated by local people. Indeed, several recent years many investors who are glancing Selogiri because gold is believed to store content.
Since the last two years, PT Prime Alexis Minerals (APM) which has still doing mining exploration permits. PT APM exploration permits covering an area of 3260 hectares (ha). The land that stretches from the Village Jendi, Selogiri until Spring Village, District Wonogiri.
Since the last two years, PT Prime Alexis Minerals (APM) which has still doing mining exploration permits. PT APM exploration permits covering an area of 3260 hectares (ha). The land that stretches from the Village Jendi, Selogiri until Spring Village, District Wonogiri.
"Exploration permit PT APM reach six years, now entering its second year. Stages through which, after exploration to exploitation. Exploration is a stage for knowing the content of the soil whether or not there is a gold mine. Until now we have (PESDM) has not issued a license of exploitation, "said Head of Water, Energy and Mineral Resources (PESDM) Wonogiri, Arso Espos Utoro when contacted Monday night.
According Arso, PT APM still drilling at some point. "Exploitation done if the land is already positive for gold content," he said.
Arso explained, it was still doing some of these stages, the investigation in general, drilling, survey and research. He admitted if the gold content in Jendi big enough.
Meanwhile, the information obtained Espos, since the traditional miners emerge, the circulation of money in Jendi reach hundreds of millions of dollars.
Meanwhile, the information obtained Espos, since the traditional miners emerge, the circulation of money in Jendi reach hundreds of millions of dollars.
Camat Selogiri, Bambang Haryanto said the traditional miners submit mine to collectors. "The soil contained gold content of the soil belongs to the people so that mastery can be done individually."
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