Herald to resume drilling

Herald Resources (HER), a subsidiary of Bumi Resources (BUMI), plans to resume drilling activities in Lae Jehe, Sinar Pagi, and Buluh Laga prospects in lead-zinc concession controlled by PT Dairi Prima Mineral in North Sumatra this quarter.

Herald, acquired by BUMI for over US$600 million last year, is awaiting forestry approval in order to proceed to full development of the Dairi project. Due to the delay in obtaining forestry approval, the company has ceased port and road construction activities associated with the project.

The Lae Jehe prospect is located about 1.5km north of the main Anjing Hitam orebody. There was a temporary hiatus in drilling and related feasibility studies at Lae Jehe during the March and June quarters of 2009. But Herald told ASX this morning that drilling of the Lae Jehe to Basecamp sector is planned to commence during the 3rd quarter of 2009. 

Herald also said drilling for Buluh Laga prospect is scheduled to commence early in 3rd quarter of 2009.

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Large gold & copper porphyry discovered in Romang

Robust Resources Limited, Australia, announced this morning that exploration in the Solat Caldera, which forms the northern two-thirds of Romang Island, eastern part of Indonesia, has revealed strong evidence for the existence of at least one gold-rich multi-commodity porphyry system. 

Robust told Australia Stock Exchange (ASX) that this new discovery is in a different and distinct geological setting to Robust's initial gold-silver and base metals discovery in the Lakuwahi Caldera which forms the southern one-tird of Romang Island and where a highly successful two rig diamond program is continuing.

The coastal expression of the anomalies in the Solat Caldera is marked by extensive hydrothermal alteration with quartz/sulphide stockworking over a continuous outcrop of approximately 2 Km. Channel and grap samples along Solat Caldera returned values up to 12.3g/t gold, 6.1% copper, 6.86% lead, 15.8% zinc, and 142 g/t silver.

The northern two-thirds of Romang Island is interpreted to be a volcanic caldera similar to the Lakuwahi caldera in the South, but approximately two to two and a half times larger. It also appears older and more highly eroded than Lakuwahi.

"Recent processing of detailed aeromagnetics has indicated multiple mineral targets marked by distinct magnetic lows, interpreted to represent areas of mineralizing hydrothermal activity," Robust said.

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