TIDMAR.

RNS Number : 6707O

Archipelago Resources PLC

15 October 2012

15 October 2012

AIM: AR.

Archipelago Resources plc

("Archipelago" or "the Company")

Significant high grade exploration results at Toka Tindung Mine

Archipelago is pleased to announce a series of exceptional drilling results from its high grade southern deposits, close to infrastructure at the Toka Tindung Mine ("Toka Tindung") in North Sulawesi, Indonesia.

HIGHLIGHTS

-- Archipelago's targeted near site exploration programme continues to yield significant results at Toka Tindung (with mineralisation remaining open at depth and along strike). Within the southern mineralised zone, assays have been received from 239 drill holes totalling 34,489m.

-- Encouraging drill intersections from the deeper mineralised zones can be reported for the Kopra, Blambangan and Pajajaran deposits (in addition to those previously announced at Blambangan and Pajajaran on 9 July 2012). Highlights include:

   --       Kopra (22 holes for 2,946m): 
   27m at 5.56g/t Au                  (KIP020, 169 - 196m) 
   9m at 5.32g/t Au                   (KIP012, 135 - 144m) 
   7m at 3.49g/t Au                   (KIP013, 122 - 129m) 
   8m at 4.72g/t Au                   (KIP013A, 146 - 154m) 
   --       Blambangan/Blambangan South(58 holes for 8,403m): 
   3.1m at 49.76g/t Au               (BPD042, 205.9 - 209m)   [including 1m at 152g/t Au; 208 -209m] 
   1m at 5.90g/t Au                   (BSP032, 98 -99m) 
   --       Pajajaran (42 holes for 8,029m): 

13m at 9.44g/t Au (PJJ032, 173 -186m) [including 5m at 20.61g/t Au; 180 - 185m]

16m at 4.26g/t Au (PJJ033, 134 - 150m) [including 3m at 17.39g/t Au; 145 - 148m]

   7m at 3.66g/t Au                   (PJJ034, 6 -13m) 

6m at 14.75g/t Au (PJJ034, 139 -145m) [including 2m at 35.95g/t Au; 139 - 141m]

-- Significant results can also be reported for the adjacent mineralised zones of Semut Barat, Semut Timur and Makassar, including:

   --       Semut Barat/Semut Timur (74 holes for 9,284m): 
   2m at 11.70g/t Au                  (SMB038, 145 - 147m) 
   7m at 4.28g/t Au                   (SMBD023, 231 - 238m) 
   1m at 9.53g/t Au                   (SMB042, 49 - 50m) 
   2m at 5.08g/t Au                   (SMB042, 72 - 74m) 
   4m at 6.91g/t Au                   (SMP050, 20 - 24m) 
   1m at 9.97g/t Au                   (SMP028, 61 - 62m) 
   --       Makassar (43 holes for 5,827m): 
   5m at 8.10g/t Au                   (MAK025, 95 -100m)      [including 1m at 24.6g/t Au; 95 - 96m] 
   4m at 4.98g/t Au                   (MAK027, 100 - 104m) 
   6m at 5.98g/t Au                   (MAK028, 114 - 120m)   [including 2m at 13.95g/t; 115 -117] 

-- The results confirm the highly prospective nature of Toka Tindung and indicate significant potential to extend Archipelago's already substantial 2.58m oz Au Resource and 1.47m oz Au Reserve. Drilling will continue over the remainder of the year and an updated 'Resource & Reserve Statement' is expected to be published in early 2013.

COMMENT

Commenting on the drill results, Marcus Engelbrecht, Managing Director and CEO, said:

"Toka Tindung continues to demonstrate its potential as a multi-million ounce mine deposit, with more excellent results from our near site exploration programme. These results are extremely exciting and again demonstrate the prospective nature of Toka Tindung. Following our 2011 exploration programme, we were able to increase the mine life by more than 50%. Combined with the results reported earlier in the year, these high-grade intercepts now have the potential to again materially increase our economically defined gold resource, providing a further platform for growing our production profile and increasing shareholder value."

SPECIFIC DETAILS

Toka Tindung involves mining from the main Toka pit and the four southern satellite deposits of Pajajaran, Araren, Blambangan and Kopra (all of which remain open at depth and along strike).

Located in close proximity to the central processing infrastructure, the southern deposits are high grade and prospective for further exploration activities. Amongst other initiatives, Archipelago's 2012 exploration programme involves further drilling at these known deposits in addition to the adjacent mineralised zones of Semut Barat, Semut Timur and Makassar. Please refer to Figure 1, which provides an overview of prospect locations and Figure 2, which contains a summary of 2012 drilling at southern targets.

Figure 1: Prospect Location Map of Toka Tindung

Please see link below.

http://www.rns-pdf.londonstockexchange.com/rns/6707O_-2012-10-15.pdf

Figure 2: 2012 Southern Mineralised Zone - Exploration Drill Hole Summary

 
      Prospect        Holes Completed*   Metres 
-------------------  -----------------  ------- 
 Kopra                       22          2,946 
-------------------  -----------------  ------- 
 Blambangan (inc 
  South)**                   58          8,403 
-------------------  -----------------  ------- 
 Pajajaran**                 42          8,029 
-------------------  -----------------  ------- 
 Semut Barat/Semut 
  Timur                      74          9,284 
-------------------  -----------------  ------- 
 Makassar                    43          5,827 
-------------------  -----------------  ------- 
 

* 230 Reverse Circulation ("RC") for 34,017m & 9 Diamond Drill Holes ("DDH") for 472m. All DDHs were drilled as tails off pre-collared RC holes and identified by "D" in drill hole prefixes. Please refer to Appendix A for further notations. ** Inclusive of holes completed/metres drilled as announced on 9 July 2012.

On-going drilling has produced some exceptional results across the southern cluster of gold deposits and targets, including:

   --           Kopra: 27m at 5.56g/t Au; 
   --           Blambangan: 3.1m at 49.76g/t Au (including 1m at 152g/t Au; 208 -209m); 
   --           Pajajaran: 13m at 9.44g/t Au (including 5m at 20.61g/t Au); 
   --           Semut Barat: 7m at4.28g/t Au; 
   --           Semut Timur: 4m at 6.91g/t Au; and 
   --           Makassar: 6m at 5.98gt Au). 

Preliminary interpretation of the drill results from Pajajaran, Blambangan and Kopra indicate the presence of high grade shoots at moderate depths.

Parts of Semut Barat, Semut Timur and Makassar were included in the Company's current Resource & Reserve for Kopra. However, 2012 drilling efforts have now improved Archipelago's understanding of mineralisation at these targets, with potential to establish separate resource estimates for each in due course.

A summary of significant intercepts appears below at Figure 3. All intercepts greater than 1g/t Au are set out in Appendix A to this announcement.

 
                         Figure 3: Exploration Drill Hole Summary & Significant Intercepts 
                                            for Southern Mineralised Zone 
 
                             SIGNIFICANT RESULTS - BLAMBANGAN/BLAMBANGAN SOUTH PROSPECT 
   HOLE      FROM      TO      INT     Au      Ag      EOH                          Including 
    ID        (m)      (m)     (m)    (g/t)   (g/t)     (m) 
---------  -------  -------  ------  ------  ------  -------  ----------------------------------------------------- 
                                                                  From        To     Int      Au           Ag 
                                                                   (m)        (m)     (m)    (g/t)        (g/t) 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  BPD042    169.00   171.00   2.00    3.49    14.5    217.00 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  BPD042    205.90   209.00   3.10    49.76   108.1   217.00     208.00     209.00   1.00   152.00       329.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  BP035     42.00    44.00    2.00    4.21    16.5    50.00      43.00      44.00    1.00    5.02         4.9 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  BSP032    96.00    100.00   4.00    3.82     2.9    160.00     98.00      99.00    1.00    5.90         7.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  BSP042    70.00    74.00    4.00    4.27     4.5    108.00     71.00      73.00    2.00    6.91         5.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  BSP042    77.00    93.00    16.00   1.38    19.5    108.00 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
 BSPD047    130.10   133.00   2.90    5.51    10.2    166.50     131.00     132.00   1.00   12.60         9.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
 SIGNIFICANT RESULTS - KOPRA PROSPECT 
   HOLE      FROM      TO      INT     Au      Ag      EOH                          Including 
    ID        (m)      (m)     (m)    (g/t)   (g/t)     (m) 
---------  -------  -------  ------  ------  ------  -------  ----------------------------------------------------- 
                                                                  From        To     Int      Au           Ag 
                                                                   (m)        (m)     (m)    (g/t)        (g/t) 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  KIP009    102.00   109.00   7.00    2.46     3.9    130.00     108.00     109.00   1.00    5.02         14.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  KIP012    135.00   144.00   9.00    5.32    47.4    160.00     138.00     140.00   2.00    7.12         4.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
                                                                 142.00     143.00   1.00   21.60        333.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  KIP013    122.00   129.00   7.00    3.49    20.9    150.00     127.00     128.00   1.00    7.87         11.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
 KIP013A    70.00    73.00    3.00    3.43     3.2    168.00     71.00      72.00    1.00    5.35         7.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
 KIP013A    146.00   154.00   8.00    4.72    38.8    168.00     147.00     149.00   2.00    9.86        125.5 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  KIP015    172.00   174.00   2.00    7.84     9.0    182.00 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  KIP016    90.00    92.00    2.00    3.36     2.5    200.00     90.00      91.00    1.00    5.53         3.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
  KIP020    169.00   196.00   27.00   5.56    28.4    200.00     173.00     174.00   1.00   12.00         5.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
                                                                 177.00     181.00   4.00   14.69         83.0 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
                                                                 189.00     193.00   4.00   12.10         86.5 
---------  -------  -------  ------  ------  ------  -------  -----------  -------  -----  -------  --------------- 
 
 
 
 
 
 
 
 
 
 
 
 
                                       SIGNIFICANT RESULTS - PAJAJARAN PROSPECT 
   HOLE      FROM      TO      INT     Au      Ag        EOH                          Including 
    ID        (m)      (m)     (m)    (g/t)   (g/t)       (m) 
---------  -------  -------  ------  ------  ------  ----------- 
                                                                    From      To     Int      Au           Ag 
                                                                     (m)      (m)     (m)    (g/t)        (g/t) 
---------  -------  -------  ------  ------  ------  ------- 
  PJJ029    19.00    21.00    2.00    6.48    58.0      226.00     19.00    20.00    1.00   11.50        110.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  PJJ030    66.00    67.00    1.00    6.22    40.0      232.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  PJJ032    153.00   158.00   5.00    4.36     7.0      200.00     155.00   157.00   2.00    7.67         7.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  PJJ032    173.00   186.00   13.00   9.44    13.4      200.00     180.00   185.00   5.00   20.61         31.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
                                                                   181.00   182.00   1.00   74.00         48.0 
---------  -------  -------  ------  ------  ------  -------      -------  -------  -----  -------  --------------- 
  PJJ033    134.00   150.00   16.00   4.26     4.1      186.00     145.00   148.00   3.00   17.39         10.7 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
                                                                   146.00   147.00   1.00   38.50         22.0 
---------  -------  -------  ------  ------  ------  -------      -------  -------  -----  -------  --------------- 
  PJJ034     6.00    13.00    7.00    3.66    10.8      147.00      7.00     8.00    1.00   10.90         15.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
                                                                   11.00    12.00    1.00    9.41         13.0 
---------  -------  -------  ------  ------  ------  -------      -------  -------  -----  -------  --------------- 
  PJJ034    139.00   145.00   6.00    14.75   13.3      147.00     139.00   144.00   5.00   17.46         15.1 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
                                                                   139.00   141.00   2.00   35.95         30.0 
---------  -------  -------  ------  ------  ------  -------      -------  -------  -----  -------  --------------- 
  PJJ041    178.00   184.00   6.00    4.55     4.8      236.00     180.00   181.00   1.00   13.40         11.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
 SIGNIFICANT RESULTS - SEMUT BARAT PROSPECT 
   HOLE      FROM      TO      INT     Au      Ag        EOH                          Including 
    ID        (m)      (m)     (m)    (g/t)   (g/t)       (m) 
---------  -------  -------  ------  ------  ------  -----------  ------------------------------------------------- 
                                                                    From      To     Int      Au           Ag 
                                                                     (m)      (m)     (m)    (g/t)        (g/t) 
---------  -------  -------  ------  ------  ------  ------- 
 SMBD023    196.00   200.00   4.00    2.36     4.6      263.50 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
 SMBD023    231.00   238.00   7.00    4.28    16.4      263.50     234.00   237.00   3.00    7.06         35.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  SMB038    71.00    86.00    15.00   1.58     2.0      170.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  SMB038    145.00   147.00   2.00    11.70    6.5      170.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  SMB042    49.00    50.00    1.00    9.53    16.0      126.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  SMB042    72.00    74.00    2.00    5.08     8.0      126.00     72.00    73.00    1.00    7.91         10.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
 SIGNIFICANT RESULTS - SEMUT TIMUR PROSPECT 
   HOLE      FROM      TO      INT     Au      Ag        EOH                          Including 
    ID        (m)      (m)     (m)    (g/t)   (g/t)       (m) 
---------  -------  -------  ------  ------  ------  ----------- 
                                                                    From      To     Int      Au           Ag 
                                                                     (m)      (m)     (m)    (g/t)        (g/t) 
---------  -------  -------  ------  ------  ------  -------      -------  -------  -----  -------  --------------- 
  SMP028    61.00    62.00    1.00    9.97     4.0      111.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  SMP050    20.00    24.00    4.00    6.91    10.5      48.00      21.00    23.00    2.00   10.82         17.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  SMP051    20.00    22.00    2.00    4.29     7.0      40.00      21.00    22.00    1.00    6.76         12.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
 SIGNIFICANT RESULTS - MAKASSAR PROSPECT 
   HOLE      FROM      TO      INT     Au      Ag        EOH                          Including 
    ID        (m)      (m)     (m)    (g/t)   (g/t)       (m) 
---------  -------  -------  ------  ------  ------  -----------  ------------------------------------------------- 
                                                                    From      To     Int      Au           Ag 
                                                                     (m)      (m)     (m)    (g/t)        (g/t) 
---------  -------  -------  ------  ------  ------  ------- 
  MAK013    149.00   151.00   2.00    4.70     4.5      170.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  MAK023    71.00    73.00    2.00    5.23    27.5      150.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  MAK025    95.00    100.00   5.00    8.10    12.0      150.00     95.00    96.00    1.00   24.60         30.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
                                                                   97.00    98.00    1.00    8.56         16.0 
---------  -------  -------  ------  ------  ------  -------      -------  -------  -----  -------  --------------- 
  MAK026    108.00   114.00   6.00    2.58    12.3      160.00 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  MAK027    100.00   104.00   4.00    4.98    13.3      126.00     102.00   103.0    1.00    9.98         17.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  MAK028    114.00   120.00   6.00    5.98    12.2      132.00     115.00   117.0    2.00   13.95         27.5 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
  MAK029    117.00   119.00   2.00    6.09    12.5      150.00     117.00   118.0    1.00    9.89         19.0 
---------  -------  -------  ------  ------  ------  -----------  -------  -------  -----  -------  --------------- 
 
 

The results confirm the highly prospective nature of Toka Tindung and indicate significant potential to add to Archipelago's already substantial 2.58m oz Au Resource and 1.47m oz Au Reserve.

For the remainder of the year, drilling will continue to target the southern deposits as well as gold mineralisation along strike from the main pit at Toka North. Further drilling is also underway at the parallel mineralisation adjacent to the main pit at Toka East. Updates will be provided in due course.

COMPETENT PERSON STATEMENT

The information in this release that relates to mineral exploration results, together with any related assessments and interpretations, have been verified by and approved for release by Mr. Graeme Fleming B App Sc (Geol), MAusIMM, a qualified geologist and full-time consultant for PT. Tambang Tondano Nusajaya, a subsidiary of Archipelago Resources Plc. Mr. Fleming has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the "Australasian Code For Reporting of Exploration Results, Mineral Resources and Ore Reserves." Mr. Fleming consents to the inclusion of the information contained in this release in the form and context in which it appears.

FURTHER INFORMATION

 
 
   Archipelago Resources 
   plc 
   Vice President 
   - Corporate Affairs             +65 6535                        +44 20 7523 
   Matthew Salthouse                   3419                               8000 
---------------------------  --------------  -------------------  ------------ 
                                               Canaccord Genuity 
                                                         Limited 
                                                    Joint Broker 
                                                     Rob Collins 
                                                    Andrew Chubb 
---------------------------  --------------  -------------------  ------------ 
 Grant Thornton Corporate 
  Finance 
  NOMAD 
  Gerry Beaney                  +44 20 7383 
  David Hignell                        5100 
---------------------------  --------------  -------------------  ------------ 
                                                 Liberum Capital 
                                                         Limited 
   Buchanan                                         Joint Broker 
   Corporate Communication                     Michael Rawlinson 
   Bobby Morse                  +44 20 7466          Christopher   +44 20 3100 
   Gordon Poole                        5000             Kololian          2000 
---------------------------  --------------  -------------------  ------------ 
 

ABOUT ARCHIPELAGO

Archipelago is a producing mining company listed on the AIM market of the London Stock Exchange. Archipelago's vision is to grow into a respected and regionally dominant mid-cap gold producer, managing a portfolio of gold mines and delivering significant value and returns for our shareholders. Archipelago's principal activities are gold mining and exploration in Indonesia (as the 95% owner of the producing Toka Tindung Gold Mine in North Sulawesi, Indonesia). In 2012, Archipelago expects to produce between 135,000 and 145,000 gold equivalent ounces at a cash cost of between US$580 and US$640 per ounce.

APPENDIX A: ALL DRILL INTERCEPTS >1.00 g/t Au

 
 
   BLAMBANGAN (INCLUDING SOUTH BLAMBANGAN) PROSPECT 
 HOLE ID       FROM        TO     INT      Au       Ag        EOH                               Including 
                (m)        (m)     (m)    (g/t)    (g/t)      (m) 
---------  -----------  -------  -----  -------  -------  ----------  ------------------------------------------------------------ 
                                                                            From          To      Int      Au            Ag 
                                                                             (m)          (m)     (m)     (g/t)         (g/t) 
---------      -------  -------  -----   ------   ------  ---  -----  ---------------  -------  ------  -------  ----------------- 
  BPD042      169.00     171.00   2.00    3.49     14.5     217.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BPD042      205.90     209.00   3.10   49.76    108.1     217.00         208.00       209.00   1.00    152.00        329.0 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BPD044      193.00     195.00   3.00    2.17     3.0      210.20 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BPD047      181.20     184.00   2.80    1.71     1.8      217.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BP035       42.00      44.00    2.00    4.21     16.5      50.00         43.00        44.00    1.00     5.02          4.9 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BSP020      126.00     129.00   3.00    2.87     9.0      138.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BSP032      96.00      100.00   4.00    3.82     2.9      160.00         98.00        99.00    1.00     5.90          7.0 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BSP033      164.00     166.00   2.00    1.49     2.0      195.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BSP042      70.00      74.00    4.00    4.27     4.5      108.00         71.00        73.00    2.00     6.91          5.0 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BSP042      77.00      93.00    16.0    1.38     19.5     108.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
 BSP042A      80.00      83.00    2.00    2.67     8.3      102.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
 BSP042A      87.00      89.00    2.00    1.76     9.0      102.00 
---------                                                 ----------  ---------------  -------  ------  -------  ----------------- 
  BSP044      102.00     104.00   2.00    1.49     0.5      173.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BSP045      158.00     161.00   3.00    1.88     18.0     200.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
  BSP046      148.00     150.00   2.00    2.00     2.0      200.00 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
 BSPD047      130.10     133.00   2.90    5.51     10.2     166.50         131.00       132.00   1.00    12.60          9.0 
---------  -----------  -------  -----  -------  -------  ----------  ---------------  -------  ------  -------  ----------------- 
 SEMUT BARAT PROSPECT 
   HOLE ID       FROM      TO      INT      Au         Ag         EOH                             Including 
                  (m)      (m)     (m)     (g/t)      (g/t)        (m) 
-------------  -------  -------  ------  -------  -----------  ---------  -------------------------------------------------------- 
                                                                              From        To      Int      Au            Ag 
                                                                               (m)        (m)    (g/t)    (g/t)         (g/t) 
---------      -------  -------  -----   ------   ------  ---  ----- 
   SMBD023      196.00   200.00   4.00     2.36       4.6        263.50 
-------------  -------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
   SMBD023      231.00   238.00   7.00     4.28       16.4       263.50      234.00     237.00   3.00     7.06          35.0 
-------------  -------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
    SMB038      71.00    86.00    15.00    1.58       2.0        170.00 
-------------  -------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
    SMB038      145.00   147.00   2.00    11.70       6.5        170.00 
-------------  -------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
    SMB042      49.00    50.00    1.00     9.53       16.0       126.00 
-------------  -------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
    SMB042      72.00    74.00    2.00     5.08       8.0        126.00      72.00      73.00    1.00     7.91          10.0 
-------------  -------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
    SMB042      82.00    86.00    4.00     1.81       17.5       126.00 
-------------  -------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
 SEMUT TIMUR PROSPECT 
 HOLE ID       FROM        TO      INT      Au         Ag         EOH                             Including 
                (m)        (m)     (m)     (g/t)      (g/t)        (m) 
---------  -----------  -------  ------  -------  -----------  --------- 
                                                                              From        To      Int      Au            Ag 
                                                                               (m)        (m)     (m)     (g/t)         (g/t) 
---------      -------  -------  -----   ------   ------  ---  -----      -----------  -------  ------  -------  ----------------- 
  SMP008      150.00     152.00   2.00     2.10       31.5       200.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  SMP026      120.00     123.00   3.00     2.46       1.2        180.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  SMP028      61.00      62.00    1.00     9.97       4.0        111.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  SMP050      20.00      24.00    4.00     6.91       10.5       48.00       21.00      23.00    2.00    10.82          17.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  SMP051      20.00      22.00    2.00     4.29       7.0        40.00       21.00      22.00    1.00     6.76          12.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
 
 
 
 
   KOPRA PROSPECT 
   HOLE ID       FROM      TO      INT      Au         Ag           EOH                             Including 
                  (m)      (m)     (m)    (g/t))      (g/t)          (m) 
-------------  -------  -------  ------  -------  -----------  -------------  ---------------------------------------------------- 
                                                                                From      To      Int      Au            Ag 
                                                                                 (m)      (m)     (m)     (g/t)         (g/t) 
---------      -------  -------  -----   ------   ------  ---  ----- 
    KIP008      115.00   117.00   2.00     1.79       3.0          141.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP009      102.00   109.00   7.00     2.46       3.9          130.00      108.00   109.00   1.00     5.02          14.0 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP010      98.00    101.00   3.00     1.05       2.8          140.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP010      124.00   126.00   2.00     2.88       4.0          140.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP011      105.00   107.00   2.00     1.29       7.0          156.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP011      133.00   142.00   9.00     1.29       1.1          156.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP012      85.00    87.00    2.00     2.93       4.5          160.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP012      135.00   144.00   9.00     5.32       47.4         160.00      138.00   140.00   2.00     7.12          4.0 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
                                                                               142.00   143.00   1.00    21.60         333.0 
---------      -------  -------  -----   ------   ------  ---  -----          -------  -------  ------  -------  ----------------- 
    KIP013      122.00   129.00   7.00     3.49       20.9         150.00      127.00   128.00   1.00     7.87          11.0 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
   KIP013A      70.00    73.00    3.00     3.43       3.2          168.00      71.00    72.00    1.00     5.35          7.0 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
   KIP013A      112.00   114.00   3.00     1.77       2.3          168.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
   KIP013A      146.00   154.00   8.00     4.72       38.8         168.00      147.00   149.00   2.00     9.86         125.5 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP014      81.00    84.00    3.00     1.60       1.3          156.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP015      50.00    52.00    2.00     2.14       1.3          182.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP015      172.00   174.00   2.00     7.84       9.0          182.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP016      90.00    92.00    2.00     3.36       2.5          200.00      90.00    91.00    1.00     5.53          3.0 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP016      142.00   146.00   4.00     2.09       3.5          200.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP018      107.00   110.00   3.00     1.43       4.3          150.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP020      157.00   161.00   4.00     1.46       2.0          200.00 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
    KIP020      169.00   196.00   27.00    5.56       28.4         200.00      173.00   174.00   1.00    12.00          5.0 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
                                                                               177.00   181.00   4.00    14.69          83.0 
---------      -------  -------  -----   ------   ------  ---  -----          -------  -------  ------  -------  ----------------- 
                                                                               189.00   193.00   4.00    12.10          86.5 
---------      -------  -------  -----   ------   ------  ---  -----          -------  -------  ------  -------  ----------------- 
   KIPD016      213.00   215.00   2.00     3.45       5.8          262.10      214.00   215.00   1.00     5.49          11.0 
-------------  -------  -------  ------  -------  -----------  -------------  -------  -------  ------  -------  ----------------- 
 
 
 
 
 
 
 
 
   PAJAJARAN PROSPECT 
 HOLE ID       FROM        TO      INT      Au         Ag         EOH                             Including 
                (m)        (m)     (m)     (g/t)      (g/t)        (m) 
---------  -----------  -------  ------  -------  -----------  --------- 
                                                                              From        To      Int      Au            Ag 
                                                                               (m)        (m)     (m)     (g/t)         (g/t) 
---------      -------  -------  -----   ------   ------  ---  ----- 
  PJJ029      19.00      21.00    2.00     6.48       58.0       226.00      19.00      20.00    1.00    11.50         110.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ029      207.00     213.00   6.00     3.35       4.8        226.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ029      216.00     218.00   2.00     1.23       3.0        226.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ030      66.00      67.00    1.00     6.22       40.0       232.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ030      215.00     217.00   2.00     2.22       6.0        232.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ032      153.00     158.00   5.00     4.36       7.0        200.00      155.00     157.00   2.00     7.67          7.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ032      173.00     186.00   13.00    9.44       13.4       200.00      180.00     185.00   5.00    20.61          31.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
                                                                             181.00     182.00   1.00    74.00          48.0 
---------      -------  -------  -----   ------   ------  ---  -----      -----------  -------  ------  -------  ----------------- 
  PJJ033      108.00     117.00   9.00     1.68       2.4        186.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ033      120.00     122.00   2.00     3.15       4.0        186.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ033      134.00     150.00   16.00    4.26       4.1        186.00      145.00     148.00   3.00    17.39          10.7 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
                                                                             146.00     147.00   1.00    38.50          22.0 
---------      -------  -------  -----   ------   ------  ---  -----      -----------  -------  ------  -------  ----------------- 
  PJJ033      177.00     179.00   2.00     3.02       2.3        186.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ034       6.00      13.00    7.00     3.66       10.8       147.00       7.00       8.00    1.00    10.90          15.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
                                                                             11.00      12.00    1.00     9.41          13.0 
---------      -------  -------  -----   ------   ------  ---  -----      -----------  -------  ------  -------  ----------------- 
  PJJ034      97.00      100.00   3.00     2.04       3.3        147.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ034      139.00     145.00   6.00    14.75       13.3       147.00      139.00     144.00   5.00    17.46          15.1 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
                                                                             139.00     141.00   2.00    35.95          30.0 
---------      -------  -------  -----   ------   ------  ---  -----      -----------  -------  ------  -------  ----------------- 
  PJJ041      169.00     172.00   3.00     2.39       3.3        236.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  PJJ041      178.00     184.00   6.00     4.55       4.8        236.00      180.00     181.00   1.00    13.40          11.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
 MAKASSAR PROSPECT 
 HOLE ID       FROM        TO      INT      Au         Ag         EOH                             Including 
                (m)        (m)     (m)     (g/t)      (g/t)        (m) 
---------  -----------  -------  ------  -------  -----------  ---------  -------------------------------------------------------- 
                                                                              From        To      Int      Au            Ag 
                                                                               (m)        (m)     (m)     (g/t)         (g/t) 
---------      -------  -------  -----   ------   ------  ---  ----- 
  MAK013      149.00     151.00   2.00     4.70       4.5        170.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK017       7.00       9.00    2.00     1.45       8.5        75.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK019      16.00      18.00    2.00     1.31       8.5        78.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK023      71.00      73.00    2.00     5.23       27.5       150.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK025      95.00      100.00   5.00     8.10       12.0       150.00      95.00      96.00    1.00    24.60          30.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
                                                                             97.00      98.00    1.00     8.56          16.0 
---------      -------  -------  -----   ------   ------  ---  -----      -----------  -------  ------  -------  ----------------- 
  MAK026      108.00     114.00   6.00     2.58       12.3       160.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK027      100.00     104.00   4.00     4.98       13.3       126.00      102.00     103.00   1.00     9.98          17.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK028      114.00     120.00   6.00     5.98       12.2       132.00      115.00     117.00   2.00    13.95          27.5 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK029      117.00     119.00   2.00     6.09       12.5       150.00      117.00     118.00   1.00     9.89          19.0 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK032      43.00      55.00    12.00    1.50       6.3        108.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK053      36.00      39.00    3.00     1.00       1.0        80.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK054      91.00      93.00    2.00     3.23       7.0        156.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
  MAK057      102.00     107.00   5.00     2.20       5.0        120.00 
---------  -----------  -------  ------  -------  -----------  ---------  -----------  -------  ------  -------  ----------------- 
 
 

All holes are inclined. Drill holes identified with an additional letter "D" are DDHs.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLGUBDGSSBBGDU

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