Southern Arc Commences Drilling at Sabalong Project
25 October 2011 - 4:21AM
Marketwired
Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc") is
pleased to announce that drilling is underway at its Sabalong
Project on Sumbawa Island, Indonesia. The property is being
advanced in partnership with a wholly-owned subsidiary of Vale S.A.
("Vale") under an option and joint venture agreement. Southern Arc
is managing the exploration program, and Vale is funding all
project expenditures. Full details about the option and joint
venture agreement are available on SEDAR at www.sedar.com and on
Southern Arc's website at www.southernarcminerals.com.
During 2011 Southern Arc completed a detailed ground magnetic
survey covering a 15.5 square km area over the property to identify
potential buried porphyry targets. Magnetic anomalies identified on
the western and southern margins of the Lito lithocap were recently
covered by a deep-penetrating induced polarisation (IP) survey,
which covered an 8.2 square km area. Inversion modeling and 3D
visualization of the magnetic and IP data has revealed a chargeable
zone over a 1.3km by 1.5km area possibly related to buried
sulphides. Southern Arc and Vale plan to drill this target with a
series of deep holes to test for the presence of a mineralized
porphyry system. The first three planned drill hole locations are
shown in Figure 1; drilling of the first hole commenced on October
21 (to view Figure 1, visit the following link:
http://media3.marketwire.com/docs/sa1024Figure1.pdf).
The 9,950 hectare Sabalong Project is located in the Miocene
volcanic belt of the Sunda-Banda Arc, 30km north-northeast of
Newmont's Elang copper-gold porphyry deposit, a "consolidated 25
Moz gold and 16 Blb copper target" (Newmont Mining Corporation News
Release, February 24, 2011) and 75km northeast of Newmont's Batu
Hijau copper-gold mine.
The technical information in this press release has been
reviewed by Andrew Rowe, B. App. Sc. Geology, MAusIMM, Chief
Geologist of Southern Arc and a Qualified Person as defined by
National Instrument 43-101.
On behalf of the Board of Directors
John Proust, Chairman and CEO
About Southern Arc
Southern Arc Minerals Inc. is a Canadian mineral exploration
company with an aggressive exploration, acquisition and growth
strategy. The Company's portfolio includes four exploration
projects with epithermal gold and gold-copper porphyry prospects on
the Lombok and Sumbawa islands in Indonesia, three of which are
being advanced in partnership with major mining companies Vale and
Newcrest. The Company's key exploration property is its West Lombok
project, with several gold-rich copper porphyry and epithermal gold
vein prospects. Southern Arc is listed on the TSX Venture Exchange
under the symbol SA. More information is available at
www.southernarcminerals.com or by emailing
info@southernarcminerals.com.
Forward-looking Statements
This news release contains forward-looking statements relating
to expected or anticipated future events and operations, timing of
projects and anticipated results that are forward-looking in nature
and, as a result, are subject to certain risks and uncertainties,
such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation,
competitive and general economic factors and conditions, the
uncertainties resulting from potential delays or changes in plans,
the occurrence of unexpected events, and the company's capability
to execute and implement future plans. Actual results achieved may
vary from the information provided herein as a result of numerous
known and unknown risks and uncertainties and other factors. There
is no representation by the company that actual results achieved
during the forecast period will be the same in whole or in part as
that forecast.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Southern Arc Minerals Inc. Rhylin Bailie Vice
President, Communications & Investor Relations 604-676-5241
604-676-5246
(FAX)info@southernarcminerals.comwww.southernarcminerals.com
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