Southern Arc Provides Drilling Results from Waterfall Target, Mencanggah Prospect
January 18 2012 - 7:30AM
Marketwired Canada
Southern Arc Minerals (TSX VENTURE:SA)(OTCQX:SOACF) ("Southern Arc" or "the
Company") is pleased to provide final results from Phase 1 drilling at the
Waterfall Target in the Mencanggah Prospect on Southern Arc's West Lombok
Property in Indonesia.
Final assay results have been received for the Phase 1 Waterfall target drill
holes MCG003 to MCG027, as summarized in Table 1 and Figure 1. All intersections
are reported as down-hole lengths. At Waterfall, 27 drill holes totalling 6,634
meters have been completed. Drilling tested outcrops of banded and brecciated
epithermal chalcedonic-quartz veins for the presence of high-grade shoots at
depth. These results confirm multiple vein zones at Waterfall, with the
highlight intersections being:
MCG016 4.75m @ 15.6 g/t gold and 15 g/t silver from 168.50m
Including 2.0m @ 36.1 g/t gold and 31 g/t silver from 169.70m
MCG006 1.6m @ 11.0 g/t gold and 2.6 g/t silver from 122.35m
To view Figure 1 - Mencanggah Prospect, Waterfall Target Phase 1 Drilling,
please visit the following link: http://media3.marketwire.com/docs/SAMImap.pdf
Along the 2 kilometers of cumulative vein strike drill tested at Waterfall, best
results appear to be localized on sections of the vein that strike
north-northwest, which is the prominent structural control for gold
mineralization throughout the property. Results from MCG001, MCG006 and MCG016
show significantly higher tenor supporting this concept. At least three
north-northwest trending vein segments remain under tested for potential
high-grade shoot development and will require more in-fill drilling.
Results from Waterfall confirm the presence of discrete high-grade shoots
developed within the West Lombok epithermal systems. These results will be
further interpreted and ranked with results from the other Mencanggah and
Pelangan targets for future drilling. The decision to initiate Phase 1
exploration at the Waterfall target, rather than higher priority targets such as
Bising and Tibu Serai, was a strategic decision as the Company worked to
establish a strong corporate and security presence in the region.
The Company currently has two rigs drilling on the Jati and Tanjung targets on
the Pelangan prospect, where previous exploration identified a continuous
1.5km-long mineralized epithermal breccia hosting at least one high-grade lode
structure. Previous drilling intersections include 10.05m @ 13.4 g/t gold and 8
g/t silver (TGD-02), 9.2m @ 5.9 g/t gold and 11 g/t silver (JDG-03) and 26.2m @
4.2 g/t gold (including 3.45m @ 12.3 g/t gold: PLD-027).
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 Chief
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, Waterfall Target Phase 1 Drill Hole Summary (as
at January 15, 2012)
----------------------------------------------------------------------------
Coordinates
-------------------
Inter-
Drill Depth From To val Gold
Hole Target (m) E N Az Dip (m) (m) (m) (g/t)
----------------------------------------------------------------------------
MCG001 Water-
fall 288.30 388177.0 9022741.0 210 -50 257.50 259.80 2.30 4.0
Including 259.00 259.80 0.80 7.6
----------------------------------------------------------------------------
MCG002 Water-
fall 138.30 388026.6 9022819.6 210 -55 118.70 120.70 2.00 5.2
Including 118.70 118.90 0.20 9.8
----------------------------------------------------------------------------
MCG003 Water-
fall 316.60 387905.0 9022620.6 30 -50 221.90 222.20 0.30 1.6
----------------------------------------------------------------------------
MCG004 Water-
fall 358.70 387838.1 9022677.3 30 -60 115.90 117.20 1.30 3.8
----------------------------------------------------------------------------
MCG005 Water-
fall 256.80 387980.4 9022611.3 30 -60 74.30 75.30 1.00 1.2
77.15 78.00 0.85 3.3
229.00 230.00 1.00 1.4
----------------------------------------------------------------------------
MCG006 Water-
fall 178.50 388063.4 9022543.1 30 -50 102.00 106.40 4.40 1.1
122.35 123.95 1.60 11.0
----------------------------------------------------------------------------
MCG007 Water-
fall 190.50 387903.4 9022618.8 210 -50 No Significant Result
----------------------------------------------------------------------------
MCG008 Water- Hole abandoned at 50 m due
fall 50.00 388114.0 9022438.0 30 -45 to collapse
----------------------------------------------------------------------------
MCG009 Water-
fall 165.00 387836.0 9022673.6 210 -60 84.10 85.50 1.40 2.4
95.90 96.20 0.30 3.4
98.40 98.70 0.30 1.5
112.40 112.80 0.40 2.1
----------------------------------------------------------------------------
MCG010 Water-
fall 203.30 387979.2 9022609.5 210 -70 111.05 112.00 0.95 1.5
118.85 119.60 0.75 3.0
131.90 132.90 1.00 1.7
169.85 170.85 1.00 1.0
----------------------------------------------------------------------------
MCG011 Water-
fall 149.00 387766.3 9022714.8 210 -70 41.00 41.80 0.80 1.5
----------------------------------------------------------------------------
MCG012 Water-
fall 252.00 387631.1 9022695.5 30 -45 No Significant Result
----------------------------------------------------------------------------
MCG013 Water-
fall 262.50 388062.7 9022542.3 0 -90 No Significant Result
----------------------------------------------------------------------------
MCG014 Water-
fall 275.90 388116.2 9022445.3 30 -50 125.85 126.35 0.50 1.3
260.90 261.70 0.80 1.2
265.70 268.35 2.65 1.0
----------------------------------------------------------------------------
MCG015 Water-
fall 400.80 387758.2 9022556.0 30 -55 16.00 18.00 2.00 1.8
48.55 49.06 1.05 1.5
313.00 313.70 0.70 1.2
363.00 363.95 0.95 1.4
----------------------------------------------------------------------------
MCG016 Water-
fall 393.30 387686.6 9022604.1 30 -50 160.15 161.00 0.85 1.4
168.50 173.25 4.75 15.6
Including 169.7 171.7 2.0 36.1
179.55 180.40 0.85 1.1
182.40 183.45 1.05 2.0
184.90 185.50 0.60 1.8
188.45 189.20 0.75 1.7
209.30 210.20 0.90 2.2
371.10 373.35 2.25 1.0
----------------------------------------------------------------------------
MCG017 Water-
fall 264.10 388060.8 9022539.1 210 -70 79.20 79.60 0.40 1.8
----------------------------------------------------------------------------
MCG018 Water-
fall 236.45 387768.4 9022718.0 30 -50 No Significant Result
----------------------------------------------------------------------------
MCG019 Water-
fall 196.50 387547.4 9022750.9 30 -50 No Significant Result
----------------------------------------------------------------------------
MCG020 Water-
fall 327.00 388211.5 9022415.8 30 -50 122.60 124.50 1.90 1.5
150.90 151.90 1.00 1.9
----------------------------------------------------------------------------
MCG021 Water-
fall 195.60 388265.4 9022369.7 30 -50 98.00 100.00 2.00 2.4
----------------------------------------------------------------------------
MCG022 Water-
fall 292.00 388367.4 9022291.5 70 -60 No Significant Result
----------------------------------------------------------------------------
MCG023 Water-
fall 312.80 388286.8 9022633.1 15 -50 No Significant Result
----------------------------------------------------------------------------
MCG024 Water-
fall 259.50 387481.8 9022793.7 30 -50 215.60 217.6 2.00 1.7
224.90 228.70 3.80 1.0
----------------------------------------------------------------------------
MCG025 Water-
fall 225.00 387820.0 9022436.5 250 -55 No Significant Result
----------------------------------------------------------------------------
MCG026 Water-
fall 241.40 388356.2 9022650.6 30 -50 107.90 109.40 1.50 1.1
----------------------------------------------------------------------------
MCG027 Water-
fall 240.10 388517.1 9022426.9 30 -50 No Significant Result
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Coordinates
-------------------
Inter- Sil-
Drill Depth From To val ver
Hole Target (m) E N Az Dip (m) (m) (m) (g/t)
----------------------------------------------------------------------------
MCG001 Water-
fall 288.30 388177.0 9022741.0 210 -50 257.50 259.80 2.30 176.7
Including 259.00 259.80 0.80 412.0
----------------------------------------------------------------------------
MCG002 Water-
fall 138.30 388026.6 9022819.6 210 -55 118.70 120.70 2.00 10.5
Including 118.70 118.90 0.20 3.0
----------------------------------------------------------------------------
MCG003 Water-
fall 316.60 387905.0 9022620.6 30 -50 221.90 222.20 0.30 1.0
----------------------------------------------------------------------------
MCG004 Water-
fall 358.70 387838.1 9022677.3 30 -60 115.90 117.20 1.30 1.5
----------------------------------------------------------------------------
MCG005 Water-
fall 256.80 387980.4 9022611.3 30 -60 74.30 75.30 1.00 2.5
77.15 78.00 0.85 4.7
229.00 230.00 1.00 3.3
----------------------------------------------------------------------------
MCG006 Water-
fall 178.50 388063.4 9022543.1 30 -50 102.00 106.40 4.40 1.3
122.35 123.95 1.60 2.6
----------------------------------------------------------------------------
MCG007 Water-
fall 190.50 387903.4 9022618.8 210 -50 No Significant Result
----------------------------------------------------------------------------
MCG008 Water- Hole abandoned at 50 m due
fall 50.00 388114.0 9022438.0 30 -45 to collapse
----------------------------------------------------------------------------
MCG009 Water-
fall 165.00 387836.0 9022673.6 210 -60 84.10 85.50 1.40 3.1
95.90 96.20 0.30 22.0
98.40 98.70 0.30 2.5
112.40 112.80 0.40 4.4
----------------------------------------------------------------------------
MCG010 Water-
fall 203.30 387979.2 9022609.5 210 -70 111.05 112.00 0.95 9.2
118.85 119.60 0.75 10.8
131.90 132.90 1.00 7.0
169.85 170.85 1.00 2.0
----------------------------------------------------------------------------
MCG011 Water-
fall 149.00 387766.3 9022714.8 210 -70 41.00 41.80 0.80 6.1
----------------------------------------------------------------------------
MCG012 Water-
fall 252.00 387631.1 9022695.5 30 -45 No Significant Result
----------------------------------------------------------------------------
MCG013 Water-
fall 262.50 388062.7 9022542.3 0 -90 No Significant Result
----------------------------------------------------------------------------
MCG014 Water-
fall 275.90 388116.2 9022445.3 30 -50 125.85 126.35 0.50 7.9
260.90 261.70 0.80 2.4
265.70 268.35 2.65 4.7
----------------------------------------------------------------------------
MCG015 Water-
fall 400.80 387758.2 9022556.0 30 -55 16.00 18.00 2.00 1.3
48.55 49.06 1.05 4.5
313.00 313.70 0.70 4.1
363.00 363.95 0.95 10.4
----------------------------------------------------------------------------
MCG016 Water-
fall 393.30 387686.6 9022604.1 30 -50 160.15 161.00 0.85 3.8
168.50 173.25 4.75 15.1
Including 169.7 171.7 2.0 30.6
179.55 180.40 0.85 7.1
182.40 183.45 1.05 8.8
184.90 185.50 0.60 6.8
188.45 189.20 0.75 25.6
209.30 210.20 0.90 19.4
371.10 373.35 2.25 7.6
----------------------------------------------------------------------------
MCG017 Water-
fall 264.10 388060.8 9022539.1 210 -70 79.20 79.60 0.40 34.2
----------------------------------------------------------------------------
MCG018 Water-
fall 236.45 387768.4 9022718.0 30 -50 No Significant Result
----------------------------------------------------------------------------
MCG019 Water-
fall 196.50 387547.4 9022750.9 30 -50 No Significant Result
----------------------------------------------------------------------------
MCG020 Water-
fall 327.00 388211.5 9022415.8 30 -50 122.60 124.50 1.90 6.5
150.90 151.90 1.00 4.4
----------------------------------------------------------------------------
MCG021 Water-
fall 195.60 388265.4 9022369.7 30 -50 98.00 100.00 2.00 35.6
----------------------------------------------------------------------------
MCG022 Water-
fall 292.00 388367.4 9022291.5 70 -60 No Significant Result
----------------------------------------------------------------------------
MCG023 Water-
fall 312.80 388286.8 9022633.1 15 -50 No Significant Result
----------------------------------------------------------------------------
MCG024 Water-
fall 259.50 387481.8 9022793.7 30 -50 215.60 217.6 2.00 4.8
224.90 228.70 3.80 4.1
----------------------------------------------------------------------------
MCG025 Water-
fall 225.00 387820.0 9022436.5 250 -55 No Significant Result
----------------------------------------------------------------------------
MCG026 Water-
fall 241.40 388356.2 9022650.6 30 -50 107.90 109.40 1.50 7.0
----------------------------------------------------------------------------
MCG027 Water-
fall 240.10 388517.1 9022426.9 30 -50 No Significant Result
----------------------------------------------------------------------------
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