SOUTHERN ARC ACQUIRES NEW EXPLORATION LICENSE OVER EPITHERMAL-PORPHYRY TARGETS IN CENTRAL JAVA
Vancouver, B.C.: Southern Arc Minerals Inc. (TSX Venture: SA) is pleased to announce the granting of a exploration license (Kuasa Pertambangan "KP”) to the company, through its locally-controlled Indonesian entity, over part of the Wonogiri Regency, Central Java Province (Figure 1). The KP area Karangtengah (2,399 Ha) was previously explored by the state-owned company Timak Tbk (1998-2002) under a large super KP license. The KP license issued by the Wonogiri regency is valid for twelve months and can be extended for a further 12 months as part of the General Survey conditions of the license. Another two contiguous KP applications are in process.
Historical Dutch literature (Van Bemmelen, 1949) reports evidence of skarn mineralization, along with inferred porphyry style veining in the area. Previous site visits by Southern Arc personnel noted the presence of high sulfidation veining overprinting earlier porphyry mineralizing events, somewhat analogous to the Selodong Prospect.
The Company continues to be aggressive in evaluation and if warranted acquisition of properties along the southern Sunda-Banda island arc.
On behalf of the Board of
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Figure 1: Wonogiri KP Locality Plan with reference to major magmatic arcs and gold deposits.