Southern Arc Provides Drilling Results from Bising Target-Mencanggah Prospect
16 February 2012 - 10:30PM
Marketwired Canada
Southern Arc Minerals (TSX VENTURE:SA)(OTCQX:SOACF) ("Southern Arc" or "the
Company") is pleased to provide Phase 1 drilling results from the Bising target
in the Mencanggah Prospect on Southern Arc's West Lombok Property.
Assay results have been received for drill holes MCG028 to MCG035, as summarized
in Table 1 and Figure 1 (to view Figure 1, please click the following link:
http://media3.marketwire.com/docs/sa0216.pdf). All intersections are reported as
down-hole lengths. A total of eight holes totaling 2,285.7 metres have been
completed to date in the Phase 1 program at the Bising target. Highlight
drilling intercepts include:
MCG028 51.3 m @ 1.5 g/t gold from 35.6 m
including 5.1 m @ 3.5 g/t gold from 53.4 m
3.8 m @ 4.9 g/t gold from 60.2 m
MCG030 39.0 m @ 1.8 g/t gold from 34.0 m
including 9.7 m @ 4.9 g/t gold and 5.9 g/t silver from 56.3 m
0.3 m @ 89.0 g/t gold and 27.6 g/t silver from 69.2 m
MCG031 4.4 m @ 2.1 g/t gold and 7.3 g/t silver from 74.2 m
0.8 m @ 47.7 g/t gold and 13.2 g/t silver from 156.8 m
MCG032 37.8 m @ 1.0 g/t gold from 11.7 m
including 3.0 m @ 2.7 g/t gold from 19.0 m
4.8 m @ 4.0 g/t gold from 25.2 m
Bising is a high-priority drilling target for Southern Arc based on the presence
of significant surface channel intercepts from banded and brecciated
chalcedonic-quartz vein structures, including 5.0 m @ 12.2 g/t gold, 2.0 m @
228.0 g/t gold and 5.0 m @ 5.22 g/t gold.
"Initial drill results indicate that gold mineralization continues at depth in
the Bising target," said Dr. Mike Andrews, Chief Operating Officer of Southern
Arc. "Given the impressive width of the main mineralized structure and the
extensive network of offshoots and intersecting structures, Southern Arc will
make Bising a high-priority target when full-scale exploration resumes at the
West Lombok property."
The extensive width (up to 66 metres) of the main Bising epithermal body is
inferred to result from the intersection of geological structures: a major
west-northwest trending structure and several north-northwest trending
structures, the latter of which form the dominant gold mineralized trend in the
district. Drill holes were located at 100 m drill spacings to test the main
Bising epithermal structural body, its extensions, and intersections with
several crossing structures.
Further drilling is warranted to map out these broad silification zones, which
have large tonnage potential. Closer-spaced drilling is required to determine
the orientation and continuity of higher-grade gold zones. Southern Arc will
prioritize additional drilling of the Bising target when the Company resumes
full-scale exploration upon receipt of its Pinjam/Pakai forestry permit. In the
interim, the Company is focused on exploration of epithermal gold targets to the
northwest of the property and copper-gold porphyry targets to the southeast and
northeast of the property.
On behalf of the Board of Southern Arc Minerals Inc.
John Proust, Chairman & Chief Executive Officer
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 and on the OTCQX
International under the symbol SOACF. More information is available at
www.southernarcminerals.com or by emailing info@southernarcminerals.com.
Qualified Person
The technical information in this document has been reviewed by Southern Arc's
Chief Geologist, Andrew Rowe, B. App. Sc. Geology, MAusIMM. Mr. Rowe has over 18
years of international mineral exploration experience throughout Southeast and
Central Asia and Australia. During this time he has held such positions as
Principal Geologist - Feasibility Studies, Senior Geologist and Consulting
Geologist. The technical information in this document has also been reviewed by
Southern Arc's President & Chief Operating Officer, Dr. Mike Andrews, PhD,
FAusIMM, who has sufficient experience relevant to the style of mineralization
under consideration and qualifies as a Qualified Person as defined by National
Instrument 43-101.
The drill program and sampling protocol is managed by Southern Arc under the
supervision of Andrew Rowe. The diamond drill holes are drilled at PQ, HQ and NQ
sizes depending on hole depth and core recovery to date has averaged 98.0%. Half
core is cut by rock saw and is generally sampled using nominal 1-metre
intervals; however, sample intervals are varied according to geological contacts
and have ranged between 0.2 to 2.5 metres in length. Three quality control
samples (one blank and two standards) are inserted into each batch of 40
samples. The half core samples are securely transported from the project site to
the Intertek Testing Services ("ITS") sample preparation laboratory in Sumbawa
Besar via private truck hired by Southern Arc. Sample pulps are then sent to the
ITS Jakarta laboratory by ITS. Gold is analysed by fire assay with AAS finish
and a four-acid digestion with ICP-MS finish is used to analyse a full suite of
elements including silver and base metals. ITS is one of the world's largest
product and commodity testing, inspection and certification organizations. The
Jakarta laboratory is ISO 17025 accredited and employs a Laboratory Information
Management System for sample tracking, quality control and reporting.
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, the need to obtain permits, the
need to work with local communities and authorities to advance the properties,
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 ability 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.
Table 1 - Mencanggah Prospect, Bising Target, Phase 1 Drill Hole
Statistics Summary
--------------------------------------------------------------------
Coordinates
Depth ---------------------
Drill Hole Target (m) E N Az Dip
--------------------------------------------------------------------
MCG028 Bising 326.5 388254.66 9023900.8 195 -50
Including
Including
Including
Including
Including
Including
Including
--------------------------------------------------------------------
MCG029 Bising 234 388069.26 9023936.1 195 -50
--------------------------------------------------------------------
MCG030 Bising 201.5 388157.06 9023887.5 195 -50
Including
Including
Including
Including
Including
--------------------------------------------------------------------
MCG031 Bising 283.9 388331.2 9023866.8 195 -50
--------------------------------------------------------------------
MCG032 Bising 250 388562 9023720 195 -50
Including
Including
Including
--------------------------------------------------------------------
MCG033 Bising 387.2 388217.82 9024026.3 230 -50
--------------------------------------------------------------------
MCG034 Bising 304.5 388376 9023678 230 -50
--------------------------------------------------------------------
MCG035 Bising 298.1 388256 9023500 230 -50
--------------------------------------------------------------------
----------------------------------------------------------------
From To Interval Gold Silver
Drill Hole Target (m) (m) (m) (g/t) (g/t)
----------------------------------------------------------------
MCG028 Bising 35.6 86.85 51.3 1.5 NS
Including 47.9 52 4.1 2.3 NS
Including 53.4 58.45 5.1 3.5 NS
Including 56.4 57.4 1.0 11.0 NS
Including 60.2 63.9 3.8 4.9 NS
Including 61.8 62.05 0.3 40.3 NS
Including 65.6 76.4 10.8 1.4 2.8
Including 76.0 76.4 0.5 13.4 NS
----------------------------------------------------------------
MCG029 Bising 47.1 47.7 0.6 3.5 NS
74.6 75.0 0.4 2.9 26
80.0 81.0 1.0 1.0 4.0
----------------------------------------------------------------
MCG030 Bising 34.0 73.0 39.0 1.8 3.1
Including 38.6 40.0 1.4 1.1 NS
Including 46.5 50.1 3.6 1.7 2.0
Including 56.3 66.0 9.7 4.9 5.9
Including 59.2 59.5 0.3 89 27.6
Including 71.0 73.0 2.0 1.1 5
----------------------------------------------------------------
MCG031 Bising 37.0 37.6 0.6 6.5 2.2
74.2 78.6 4.4 2.1 7.3
74.2 75.1 0.9 6.8 27.7
156.8 157.5 0.8 47.7 13.2
----------------------------------------------------------------
MCG032 Bising 11.7 49.5 37.8 1.0 NS
Including 19.0 22.0 3.0 2.7 NS
Including 25.2 30.0 4.8 4.0 2.5
Including 44.2 45.2 1.0 1.4 NS
----------------------------------------------------------------
MCG033 Bising 220.4 220.7 0.3 1.7 6.5
259.1 259.55 0.4 1.4 NS
----------------------------------------------------------------
MCG034 Bising 10.2 11.6 1.4 1.2 23.2
----------------------------------------------------------------
MCG035 Bising 65 66.4 1.4 1.7 NS
176.7 177.3 0.7 2.5 NS
----------------------------------------------------------------
NS - No significant result
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