Monday, August 24, 2009

Prosperity's Aceh gold-copper

Prosperity Resources Limited reported that a program of trenching and channel sampling at the Pinang-Pinang gold-copper project in Aceh province has highly significant surface gold plus copper mineralization. 
Prosperity told ASX today that the trenching program was completed after soil sampling by Prosperity defined very strong (+1g/t gold) soil anomalies at the Pala Prospect. 
The Pala prospect has reported multiple wide, high-grade gold/copper intercepts over a strike length of at least 400m within a 250m wide mineralized corridor, includes best results in Trench 21 of 91.7m @3.65 g/t gold and 0.45% copper.
Prosperity and Multi Mineral Utama agrees to establish a JV called PT Prosperity Surya Persada for the development of gold-copper project.
After the announcement, Prosperity's stock price in ASX closed higher by 32.98% at A$0.125 after it surged to A$0.15.

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