Lakuwahi Caldera » Robust Resources

$1.255 ROL.ASX

18/03/2012 12:06 am

Lakuwahi Project

Romang Island

Lakuwahi Project

Batu Mas

Batu Hitam

Batu Jagung

North Romang Project

Wyaru

Kiahar

Philippines


	Maiden JORC Code compliant Resources Estimate from Lakuwahi. Read more


	Exploration Drilling Significantly Expands Mineralisation at Batu Hitam Prospect where over 90% of holes intersected potentially economic mineralised rock. Read more


	206 METRES of Continuous Precious and Base Metal-Rich Mineralisation Drilled on the North-Eastern Extensions of Batu Mas, Romang Island Indonesia. Read more

The Lakuwahi Project hosts a large 6Km by 4Km zone of Magnetite Destruction Zone (MDZ), where to date, Robust has focused on three prospects found within it: Batu Mas, Batu Hitam, and Batu Jagung. In September 2010 Robust reported significant progress on the delineation of the Batu Mas and Batu Hitam discoveries on Romang Island, Indonesia. Initial results from a major 3D IP-Resistivity survey over the flagship Lakuwahi target, as well as new drilling results, significantly extends the discovery target zones and therefore the gold and base metal resource potential and that technical work on Romang Island had reached a crucial stage with the completion of the initial 3D IP-Resistivity survey only days away.

Robust is continuing with its 3D IP Resistivity Survey which defined in July 2010 the continuity of a 2km strike between key prospects Batu Mas and Batu Hitam and identified a well defined geophysical anomaly area that remains open and is approximately 20 times larger than the current defined Batu Mas prospect. These initial results have greatly enhanced Robust’s understanding of the mineralisation controls at Lakuwahi and have not only defined new drill targets, which the Company’s four owner operated rigs are currently working on, but has massively extended the discovery target zones and therefore, the gold and base metal potential.

At the end of July 2011 Robust had completed over 150 drill holes at the Batu Mas, Batu Hitam and Batu Jagung prospects since the Company commenced its initial drill program in November 2008. To date Robust has achieved a +90% success rates with drill holes intersecting precious and/or base metal mineralisation. Given total drilling is still less than 1% of the MDZ, the potential scope for Lakuwahi to host a major new gold resource is very high. The Company is currently undertaking a +27,000 m drill program.

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