Nusantara Resources has received highly promising results from the phase 1 drilling program at its Awak Mas Gold Project located in South Sulawesi, Indonesia. The results from a further 11 holes support the tenor and extent of mineralisation both within and beyond the existing mineral resource pit shell.

The phase 1 program comprises 67 diamond drill holes for approximately 8230 metres designed to target areas of unclassified gold mineralisation and upgrade inferred resource mineralisation across the Awak Mas, Salu Bulo and Tarra deposits.

A total of 25 drill holes have been completed to date within the Awak Mas deposit with the first of 12 holes under way at the higher grade Salu Bulo deposit. A total of three drill rigs are now assigned to the phase 1 program following the commencement of a third rig in early November.

Highlights include 14.0 metres from 143 metres @ 2.0 g/t gold; 17.5 metres from 88.5 metres @ 2.7 g/t, including 3.9 metres from 102.1 metres @ 10.2 g/t; and 35.2 metres from 87 metres @ 1.0 g/t.

The assay results continue to validate the mineral resource model, including better defining and expanding areas of known mineralisation. Particularly strong results were returned from a previously poorly defined mineralised zone within the Rante Domain of the Awak Mas deposit.

Drilling has commenced at the Salu Bulo deposit with 12 holes planned for 1290 metres. Two rigs have been allocated to this program with the third rig remaining at the Awak Mas deposit to complete the program of 22 holes.

Salu Bulo is 1.8km to the southeast of the main Awak Mas deposit and contains a number of mineralised breccia structures referred to as Biwa, Bandoli and Lelating. Drilling is planned to test for extensions to the known mineralisation at Salu Bulo, which remains open to the north and south, and the mineralised but poorly defined Lelating area 300 metres to the west along a parallel structure.

“Today’s results from the Awak Mas deposit resource drilling program are extremely encouraging in both demonstrating the robustness of this broad mineralised system and the veracity of the geological model,” said Nusantara’s managing director and CEO Mike Spreadborough. “The results to date also demonstrate the presence of additional mineralisation within and beyond the resource pit shell, confirming the potential to grow the scale of the Awak Mas Gold Project.”

www.nusantararesources.com

Resource Center Whitepapers, Videos, Case Studies