Risk and valuation analysis of the Tembang Project |
Status Risk : Advanced discovery |
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Title(s) of the Tembang Project |
| Sumatra Copper & Gold Plc. Interest: 92.5% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The Company has an economic interest of 92.5% in its projects. |
| Newcrest Mining Ltd Option on interest: 25% |
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Title | Company Profile | All Projects | Company website | Company project page |
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History of the Tembang Project |
Tembang is an abandoned mine with a recent exploration history dating back to the 1980s.
The historic mine commenced production under a previous operator in late 1997 and ceased production in March 2000 due to a declining gold price. The prior operator mined only the main veins and discarded the lower grade halo mineralisation.
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Geology of the Tembang Project |
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Tembang is a large low-sulphidation epithermal deposit comprising gold-silver bearing quartz sulphide veins hosted by Tertiary volcanics. Two vein styles are present a relatively wide and continuous vein set surrounded by irregular narrower veins that occur in both the footwall and hanging-wall providing a "halo" of mineralisation peripheral to the main veins.
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