Field work continues to be on hold pending an improvement in the security situation in the Aceh area. This will reduce Highlands Pacific s interest in the project to 47.95 per cent. Once the government has exercised its right, Orogen Minerals Ltd intends to exercise its option to acquire an additional 25 per cent interest in the rpoject from the government, increasing its interest to 47.05 per cent. A 5 per cent interest will be retained by the state for the behefit of the landowners. Testwork programs completed further enhance the project.
Excellent potential exists to add substantially to the resource base.
However, the narrow, high-grad nature of the ore zones and the steep topography renders further assessment by drilling from surface ineffective. One option being assessed involves the development of a 700m long adit which could only provide a more cost effect and technically superior assessment of the gold resource but could also be used to provide initial production access if the mine is developed. Recipients should seek permission to reprint the article from the source listed above. Reading on line, downloading or other use of this information signifies acceptance of these conditions, and the Full Disclaimer.