West Lombok – Pelangan
May 15, 2011
On May 12th, the Company announced results for five Phase 2 drill holes at Pelangan. See the News Release here. See my commentary here.
January 17, 2011
On January 11th, the Company announced results for the first two Phase 2 drill holes, completed almost 2 ½ years ago. See the News Release here. See my commentary of today’s date for some colour and texture.
June 7, 2010
Located at the northwest end of the West Lombok property, the Pelangan Gold Prospect includes at least five large and complex quartz vein systems: the Kayu Putih, Raja, Ratu, Tanjung-Jati and Lala veins.
- Type of deposit: Epithermal vein.
- Size: Together, the Pelangan and Mencanggah prospects host a combined proven strike length of over 20 kilometres of mineralized epithermal breccias, with individual bodies ranging in thickness from 2 – 30 metres, strike length of 1,000 metres, and a vertical extent of greater than 300 metres.
- Valuation potential scenarios: See the Mencanggah page here.
- Comparison properties: Too soon to say.
- Disposition options: Too soon to say.
- Current status/activities/obstacles: 50 shallow scout holes were drilled in 2006/07. Phase 2 drilling at Pelangan was suspended while waiting for the new spatial plan to be approved. Assays are pending on two drill holes: PLD001 and PLD002. These have been held since being completed in the Fall of 2008. The general consensus is that the Company would have released these results long ago had they come up dry. Hopes are that, awaiting the West Lombok IUP, these holes offer something worth keeping under wraps until permitting is fully in place. I’m of a mind to believe that this IUP is on the cusp of being issued. We’ll see. Work is planned to re-start upon issuance of the mining license. Field work at Pelangan in 2010 is anticipated to include approximately 3,000 metres of Phase 2 diamond drilling. No Forestry issues.
- Maps:
- See Epithermal Veins (red) in Pelangan on Google Earth (updated August 30, 2010).
