Hillgrove Resources (ASX: HGO) has released encouraging results from the ongoing exploration program at the Masu Project on the island of Sumba in Indonesia.
The program has highlighted high grade gold in trenches in the Western Vein system at the Pahandanjal Prospect, with multiple veins striking approximately N-S over about 250m.
The trench results include 4m at 10.04g/t gold and 17.18g/t silver (FT4), 7m at 8.34g/t gold and 6.17g/t silver (FT3), 5m at 7.5g/t gold and 18g/t silver (FT2), 2m at 12.5g/t gold and 11.6g/t silver (FT5) and 9m at 6.51g/t gold and 9.40g/t silver, within a zone of 18m at 3.93g/t gold and 8.02g/t silver (FT1).
By 10.52am, shares in Hillgrove were trading at 38.5c following an increase of 2.7%.
David Archer, Managing Director of Hillgrove Resources said the results continued to highlight the Masu Project’s potential to host multiple, high-grade, fracture-controlled vein systems, of comparable grades and dimensions to high grade epithermal low sulphidation systems mined elsewhere in the Indonesian archipelago.
"These results are in addition to the excellent results we announced on Tuesday from the Pelitalira Prospect – Tanah Daro Project further to the north," Mr Archer said.
“These new high grade gold results have successfully pinpointed high quality targets in the Western Vein system for drill testing early in 2010 at the start of the dry season”.
The Masu Project is located in South East Sumba and has been the principal focus for exploration activities on Sumba in 2009.
Hillgrove is focused on developing its Indonesian, South Australian and Queensland base and precious metals projects.
The Company is targeting the discovery of world class epithermal gold and porphyry copper/gold deposits in Eastern Indonesia.