Proactive Investors - Run By Investors For Investors

Robust Resources intersects massive sulphides at Purple Heart in Indonesia

Robust Resources intersects massive sulphides at Purple Heart in Indonesia

Robust Resources (ASX: ROL) has intersected 54% base metals (copper, lead and zinc) over 2 metres within zones of 33 metres at 6.3% base metals in Indonesia.

All five drillholes from the Purple Heart Prospect on Romang Island (77.5% interest) in Indonesia intersected potentially economic mineralisation.

This mineralisation is predominantly oxide and transition zone and is likely to be exploited in the planned heap-leach gold mine which is expected to be the first operating project to be established on Romang Island.

This phase of drilling produced positive results for all 19 drillholes from the Purple Heart and Batu Perak Prospects.  Drilling continues with seven rigs currently operating on Romang Island.

The Romang Island Projects have an interim Indicated and Inferred JORC mineral resource estimate of 592 thousand ounces of gold, 27.7 million ounces of silver, 95 million pounds of copper, 697 million pounds of lead and 678 million pounds of zinc.

The Company will release an announcement in the coming weeks regarding the proposed Kyrgyz Republic investment.

At 31 March 2013, the Company had $22.6 million in cash.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full ROL profile View Profile

Robust Resources Timeline

Related Articles

graph showing two work streams
October 24 2018
A project development stream focused on Hayes Creek and an exploration stream.
Australian dollars
September 07 2018
St Barbara Ltd subscribing for $1.8 million worth of shares in the placement, increasing its interest to 17.9%.
1540886089_DJI_0816_resized.jpg
October 30 2018
Rainbow is continuing to drive towards a production rate of 400 tonnes per month

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use