SOUTHERN ARC ANNOUNCES RESULTS OF FIRST DRILL HOLE FROM SELODONG CU-AU PORPHYRIES
News Release No. 07-13
Southern Arc Minerals is pleased to announce encouraging results from its first drill hole, MB001, completed within the Selodong Intrusive Complex (SIC).
The SIC lies at the southeast end of a 13-km long, northwest trending structural corridor of mineralization and alteration along which also lie the Pelangan Gold Prospect and the Mencanggah Epithermal/Porphyry District, both also within SA's Property. Historical Newmont drilling results for the prospect have been detailed in previous SA news releases 06-02 and 07-08 dated January 11, 2006 and April 10, 2007 respectively.
Hole MB001 intersected a high-grade sulfide zone from 33.8 to 200.0 metres averaging 0.52% percent copper and 0.85 gram per tonne gold over 166.2 metres, which included 0.60% Cu and 1.04 g/t Au over 105.0 metres (33.80 to 138.80 m).
MB001, located within the northern part of the Montong Botek Porphyry Stock (MBPS), was drilled northeast at an inclination of -65°, with the aim of extending mineralization previously intersected by Newmont drilling, along with testing the limits of mineralization in the northeast quadrant of the MBPS (Figure 1). MB001 was completed at a total depth of 476.0 m, with the first 33.8 m intersecting an non-mineralized late stage dyke, below which continuous mineralization was logged to the bottom of the hole, resulting in an overall intersection averaging 0.28% Cu and 0.42 g/t Au from 442.9 metres (33.8 to 476.0 m).
High-grade Cu-Au mineralization in MB001 intersected between 33.8 and 138.8 m (refer to values above) is hosted within an early phase of mineralized quartz-diorite. This high-grade intrusive phase is inferred to have been intersected in several of the previous shallow Newmont drill holes including: PSG004, PSG015B, and PSG032 (refer to Figure 1). Extensions of this high-grade phase are being targeted in the ongoing drilling program by SA. Hole MD002, currently in progress, is expected to be completed within the next 8 to 10 days, with assay results anticipated to be announced later this month.
Qualified Person and Quality Control and Assurance
Latest News Releases
June 6, 2017
Southern Arc to Invest $5 million in Japan Gold Corp.read more
April 19, 2017
Southern Arc Announces Normal Course Issuer Bid read more
January 20, 2017
Southern Arc Provides Update on Strategic Investment in Tethyan Resources PLC read more