Robust Resources
Robust Resources Limited (ASX: ROL) is a Sydney-based miner exploring for Gold-Silver and Base Metals on Romang Island in Indonesia’s richly endowed Banda Magmatic Arc, 650km northwest of Darwin.
Robust is exploring highly prospective ground previously explored by Biliton (1990s). An initial 2000m drilling program with the Lakuwahi Caldera Project has identified wide zones of gold-zinc-silver-lead-copper mineralisation. All holes completed in the first round of drilling by Robust were open in every direction and at depth.
Robust is accelerating its exploration program in the 2010 financial year with a target of 5000m to be drilled using owner-operated diamond drill rigs and a local labour force for continuing economic efficiency.
With experienced management who have a track record of major discoveries, Robust holds a 51% interest in five mineral titles totalling 25,000ha covering the entire Romang Island, with an option to increase to 75%.
Robust Resources intersects significant polymetallic gold-base metal zone on Romang Island
Indonesian-based gold and base metal explorer Robust Resources (ASX: ROL) has revealed the assay results for a further three diamond drill holes at its Lakuwahi Caldera Project on Romang Island.
Significantly, at the Batu Mas Prospect, where world-class gold grades were reported in December 2009, a large zone of highly encouraging base metal mineralisation was intersected below the near surface gold intersections in hole LWD 055.
Highlights from final assay results received from hole LWD 055 include 21 metres at 2.92 g/t Au equivalent (2.37 g/t Au and 33 g/t Ag) from 2 metres, including 10 metres at 4.74 g/t Au equivalent (4.47 g/t Au and 16 g/t Ag) from 2 metres 83 metres at 2.7% combined Cu+Pb+Zn from 28 metres, including 28 metres at 5.3% combined Cu+Pb+Zn from 70 metres.
Hole LWD 055 is located in the most north-eastern area of the Batu Mas Prospect and has increased the overall strike length of the mineralisation to over 300 metres, with both the near surface precious metal zones and the underlying base metal zones open in at least three directions.
Robust now has two diamond drill rigs on site at the Batu Mas Prospect dedicated to further extending the defined mineralisation. A third rig continues to explore Batu Hitam and a fourth rig is scheduled to be commissioned in March 2010.
Managing Director Gary Lewis said with each new set of Batu Mas assay results, the company continued to intersect significant grades, further strengthening the Board’s belief that it was potentially sitting on a major new gold and base metal discovery.
"With mineralisation remaining open in three directions, we are keen to progress our exploration program as soon as possible, with the fourth rig expected in March, so that we can continue to identify the scale of this exciting discovery," Mr Lewis said.
Additionally, Robust announces final assay results from drilling at the Batu Hitam prospect, located 1.5 kilometres to the east-south-east of Batu Mas, in the Lakuwahi Caldera Project.
Highlights include LWD 056: 29 metres at 1.11 g/t Au equivalent (0.75 g/t Au and 22 g/t Ag) from 8 metres, including 11 metres at 1.46 g/t Au equivalent (1.11 g/t Au and 26 g/t Ag) and 2 metres at 4.9% combined Cu + Pb + Zn from 5 metres.
At this point in time at Batu Hitam, the Company intends to concentrate on following-up the excellent intersection in drillhole LWD 042 of 52 metres at 1.57 g/t Au equivalent and 36 metres at 3.0% combined Cu+Pb+Zn including 10 metres at 4.6% combined Cu+Pb+Zn.
Other Robust Resources articles
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16/03/10 Robust Resources shares spike on record 82.5M gold-silver zone
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16/12/09 Robust Resources reports on more good news at Romang Island
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08/12/09 Robust Resources hits world-class high grade gold intersection in Indonesia
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24/11/09 New gold-silver-lead mineralisation intersected by Robust Resources on Romang Island
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22/09/09 Robust Resources hits new gold and silver zone on Romang Island
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15/09/09 Robust Resources further extends mineralisation on Romang Island
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18/08/09 Robust Resources hits highest grade gold and silver yet, on Romang Island
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21/07/09 Robust Resources identifies potentially large porphyry system at Romang Island North in Indonesia
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07/07/09 Robust Resources shareholders approve placement to Talbot Group
Other Robust Resources news
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02/02/10 Robust Resources appoints new chairman as share price prospers
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29/01/10 Robust Resources to add fourth drill rig to Romang Island programme
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07/01/10 Robust Resources appoints ex-BHP Billiton Indonesia President Director
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23/12/09 Robust Resources raises $7.41 million to advance exploration at Indonesian project
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20/11/09 Robust Resources announces resignation of chairman
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13/11/09 Drilling of gold targets at Cobar project completed, owned by Robust Resources and Ausmon Resources
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27/07/09 Robust Resources appoints John Levings as Technical Director, Romang Island Gold Project
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30/06/09 Robust Resources finds copper/gold anomalies near Orange, NSW
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24/06/09 Robust Resources continues to generate excitement with latest drilling results in Indonesia
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03/06/09 Robust Resources hits purple patch at Romang Island, Indonesia
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