G-Resources continues to confirm strong results in exploration at its 1639sqkm Martabe project in North Sumatra. Highlights of the recent program to locate extensions to known mineralization include 43.3 metres @ 2.6 grams/tonne gold and 27 metres @ 1.1 grams/tonne gold, 3 grams/tonne silver from 127 metres depth at the Uluala Hulu deposit.  1

The confirmation of previous high grade intersections at Purnama deposit includes 49 metres @ 13.7 grams/tonne gold and 43 metres @ 2.6 grams/tonne gold.

Drilling commenced at Purnama South and Purnama Timur in January and drilling will commence to the west of Purnama in coming weeks.

The company is continuing exploration at the Golf Mike prospect with 12 holes completed and four holes drilled at the Southern Corridor prospect. Major exploration programs are also under way at the Tango Papa and Pahae prospects, which are targeted for near-surface, epithermal gold-silver and buried copper-gold deposits.

At Pahae a surface mapping and geochemical sampling has been conducted over an area of relatively recent geothermal activity. The results show several areas of interest with low level gold anomalies requiring further investigation.

“Recent exploration work at Tango Papa has consisted of field camp construction and reconnaissance mapping and sampling to confirm previous results. It is anticipated this prospect will have drill targets defined within several months,” says G-Resources’ chief executive officer Peter Albert.

Exploration is also continuing close to the Martabe mine, targeting extensions to existing mineral resources and reserves, and which aims to discover new mineralized systems of gold, silver and copper.

The company recently commenced a scoping level study to examine the potential for increased gold and silver recoveries in refractory sulphide mineralization at the Martabe deposits.

The scoping study aims to assess the metallurgical response of different refractory process route options and then to undertake a high level engineering and cost study prior to progressing with a formal feasibility study into expanded gold and silver production from a separate sulphide processing plant.

G-Resources says the Martabe mine enjoys the strong support of the Indonesian Central, Provincial and Local Governments and the nearby communities of Batangtoru.

Don’t miss the special 4-page feature on the Martabe project in the current edition of The ASIA Miner magazine, which is available to read online at www.asiaminer.com

www.g-resources.com

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events