Mispec hits new gold zone at Jampang project — Cigaru Central zone contains sulphide-bearing stockworks

Drilling by Mispec Resources (MPE-M) has outlined a new gold zone at the Jampang gold property in Western Java, Indonesia.

The program consisted of 17 reverse-circulation holes, each of which was collared to test the Cigaru Central target, a

600-metre-long-by-400-metre-wide, east-west-trending coincident geophysical and geochemical anomaly. Five of those holes hit multiple intervals of gold-bearing quartz veins and stockworks that extend to surface.

Highlights include:

* hole 10, which hit 18 metres (from 28 to 46 metres) grading 5.83 grams gold per tonne;

* hole 4, which intersected 10 metres (from 79 to 89 metres) averaging 0.78 gram gold;

* hole 1, which yielded 1.82 grams over 6 metres (from 61 to 67 metres); and * hole 9, which returned 5.86 grams over 3 metres (from 76 to 79 metres).

Also, the western-most hole hit a 30-metre zone of stockworked sulphide-bearing quartz veins that do not outcrop on surface. The zone was intersected 180 metres down-hole and contained three smaller intervals of 4 metres averaging 0.98 gram gold; 3 metres averaging 2.85 grams; and 1 metre averaging 1.82 grams.

The Cigaru Central zone lies at the eastern end of the

5-km-long-by-600-metre wide, west-trending Cipaku structure. Gold mineralization along the structure is primarily associated with quartz veins and stockworks that could contain sulphide minerals.

Based on the drill results, Mispec believes the Cigaru Central zone widens to the east and continues primarily in the form of sulphide-bearing stockworks to the west.

Mispec continues to explore two other areas on the Cipaku structure that, like Cigaru Central, are characterized by coincident geophysical and geochemical anomalies. Both lie west of Cigaru Central and contain outcroppings of quartz veins that returned up to 22.9 grams in grab samples.

One of the areas also contains outcroppings of stockworked dacitic porphyry.

A sample of that porphyry averaged 11 grams gold.