SYDNEY (Yosefardi) – Sumatra Copper & Gold has completed phase 3 infill resource definition drilling program at its flagship Tembang Gold-Silver project in Sumatra, Indonesia, with further strong results received from both the Siamang and Bujang deposits.
That phase 3 infill resource definition drilling program is located at Berenai, Asmar, Tembang-Anang, Bujang, Buluh-Siamang and Belinau deposits for a total of 6,141 metres and 72 holes.
The mineral resource definition drill program commenced in December 2013 with the objective of converting inferred resources to indicated and/or measured categories, within pits optimised at a US$1,000 per ounce gold price and a US$20 per ounce silver price.
The company expects the drill results to support its objective of increasing the debt carrying capacity of the project.