Intrepid hits copper-gold porphyry at Tujuh BukitIntrepid hits copper-gold porphyry at Tujuh Bukit
Monday, May 26, 2008; Posted: 07:32 PM
Sydney, May 27, 2008 (RWE via COMTEX) --
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PowerRating-- (RWE Australian Business News) Intrepid Mines Ltd (ASX:IAU) reports hole GTD-08-29, from the Tujuh Bukit Project in Indonesia, has intersected "highly encouraging" copper-gold assays from the porphyry zone previously predicted to sit below the oxide and high-sulphidation gold-silver cap.
Also, Intrepid has received final assay results for several holes drilled at Zone C into the near-surface oxide and sulphide High Sulphidation system.
Hole GTD-08?-29 intersected 268m at 0.47 grams per tonne gold and 0.32pc copper from 390m, including 100m at 1.02g/t gold and 0.55pccopper from 530m.
Chief executive Mr Brad Gordon commented, "This is a very significant intersection for the Tujuh Bukit project.
"It confirms the previously interpreted copper?-gold porphyry at depth and has confirmed the high gold tenor of the porphyry system.
"Additionally, we are pleased to see assay results from all zones that continue to support our overall plan for the development of the Tujuh Bukit project.
"We look forward to publishing the inaugural resource for the project in June 2008."
rweabn.com.au
https://www.tradingmarkets.com/.site/news/Stock%20News/1615097/