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 director increases stake in the company
Monday, December 05, 2011 by Jeff Coote
Augur Resources (ASX: AUK) director Justin Werner acquired 55,000 shares on market at $0.15 per share on 29 November, for a total consideration of $8,250.
The purchase takes Werner’s interest in Augur to 985,000 directly held shares, 3.7 million indirectly held shares and 5 million unlisted options at $0.28, expiring on April 30, 2013.
The move shows confidence in the company, which in November intersected significant mineralisation at the Randu Kuning porphyry prospect in Centra Java.
Assays included 95.5 metres at 0.74 grams per tonne (g/t) gold and 0.16% copper from just 41 metres, including a high grade zone of 5 metres at 5.08g/t gold and 0.5% copper.
These results indicate the possibility of high grade targets within Randu Kuning, and point to bulk tonnage potential.
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