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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	AUK
Latest Price:	0.14 (3.85% )
52-week High:	0.47
52-week Low:	0.11
Market Cap:	23.92M

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Augur Resources Full Augur Resources profile here

Augur Resources (ASX: AUK) has a focus on gold and copper within Indonesia and nickel projects within Eastern Australia. Augur’s key projects are the Wonogiri gold-copper project in central Java, Indonesia and the Jampang gold-copper project in western Java, Indonesia.

Augur Resources unveils large gold anomaly at Lightning Gold Project

Tuesday, July 07, 2009 by Proactive Investors

Augur Resources (ASX: AUK) has made a significant discovery of a large gold anomaly at Lightning Gold Project in NSW.

With the portent of further to come based on results to date, and from historic work undertaken by BHP - interest should begin to increase in Augur in months to come.

Regional soil sampling at Lightning Gold in central west New South Wales has identified a large gold anomaly in the western portion of the project area. Gold values up to 155ppb were recorded within a background of approximately 4ppb.

Interestingly, the strike length is 525 metres and orientated north-south.

In May, a soil sampling program was undertaken at the Lightning Gold Project area within the Tullamore tenement. Sampling north of the historical Lightning gold mine returned up to 8230ppb gold (8.23 g/t gold) and regional rock chips had returned up to 11.7 g/t gold.

Modern exploration at Lightning prospect has been very limited. BHP undertook limited rock chipping and three trial soil lines as part of an option on the tenement during 1989.

BHP reported results from three rock chip samples taken within one of the three shafts at the Lightning prospect, with gold results between 3.0 and 11.4 g/t. The three BHP soil lines returned up to 280 ppb gold. BHP had planned to drill at the prospect but cancelled the program due to wet conditions. BHP allowed the option on the property to lapse.

In addition to the large anomaly at Lightning prospect, a number of other anomalies were identified including an anomaly at the Hail prospect in the south of the survey area and an anomaly on the north eastern edge of the survey area near Ryan’s prospect.

The Hail prospect is of interest as BHP had drilled two holes to the west of the anomaly and intersected 4m at 3.95 g/t gold in one hole from 20m depth. The other hole returned a best intersection of 4m at 0.64 g/t gold from 40m depth.

Next steps will be some infill soil sampling during the next month to better define those anomalies which remain open, in particular those at Lightning and Hail prospects. further sampling will be taken east of Ryan’s prospect and in the north of the LGP area to close off anomalies.

Drilling is planned for the Lightning prospect for late 2009.

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