Asia‐Pacific gold development company Nusantara Resources has received assay results from the first seven holes of the 12‐hole resource definition drilling program recently completed at the satellite Salu Bulo gold deposit within its 100%‐owned Awak Mas Gold Project located in South Sulawesi, Indonesia.
“Assay results received from the first seven drill holes at Salu Bulo have convincingly validated the Mineral Resource model, including better definition and expansion of areas of known mineralisation both within and adjacent to the Mineral Resource shell,” commented Nusantara’s Managing Director and CEO, Mike Spreadborough.
According to Mr Spreadborough, the results to date have also confirmed grade and geological continuity, enabling confidence for the conversion of the Inferred mineralisation to the Indicated category and the inclusion of previously unclassified mineralisation into the Mineral Resource model.
“The results from this phase of Salu Bulo drilling are also significant in providing potential additional high‐grade feed to the planned Awak Mas project processing plant”, said Mr Spreadborough.
Salu Bulo gold deposit – located 1.8 km to the southeast of the main Awak Mas deposit – o hosts a number of mineralised quartz vein breccia structures referred to as the Biwa, Bandoli and Lelating trends.