SOUTHERN ARC GRANTED TWO ADDITIONAL EXPLORATION LICENSES ON FLORES ISLAND
Vancouver, B.C.: Southern Arc Minerals Inc. (TSX Venture: SA) is pleased to announce the granting of a further two exploration licenses (Kuasa Pertambangan "KP") to the company, through its locally-controlled Indonesian entity, over part of west Flores Island, East Nusa Tenggara Province. The KP areas Longgo (1,207 ha) and Bolol (550.4 ha) were previously explored by CSR-Billiton (1986-1993) and Aberfoyle Resources (1997-2001) under fourth and seventh generation Contracts of Work. The KP licenses, issued by the Manggarai and Ngada regencies, are valid for twelve months and can be extended for a further 12 months as part of the General Survey conditions of the licenses.
Previous exploration at Longgo reported anomalous Cu-Zn-±Pb soil geochemistry over an area of 2,500 m by 500 m, coincident with the trace of a prominent NW trending aerial photo lineament. Soil geochemistry values range from 380 ppm - 2.3% Cu, 0.1-5.0% Zn and 225 ppm - 0.73% Pb, with highest values from areas of gossanous sub outcrop. Limited sampling of gossanous outcrop returned values ranging from to 0.002-1.8% Cu, 0.005-7.9% Zn and 0.001-3.7% Pb, while rock float samples assayed between 0.002-4.1% Cu, 0.001-35.0% Zn and 0.001-0.1% Pb, respectively. Initial interpretation suggests that base metal anomalism is related to structurally and stratigraphically-controlled epithermal mineralization.
Previous exploration at Bolol reported extensive Au-Ag anomalous soil geochemistry over an area of 1,500 m by 200 m, coincident with outcropping high-level epithermal quartz veining and stockwork. Based on surface mapping and geochemistry it appears that entire paleo-geothermal system is intact and with this the potential for bonanza Au-Ag veins and/or bulk tonnage quartz Au-Ag stockworks. These results have not yet been verified by Southern Arc.
Both KPs are very accessible and the company anticipates that it will take only 3 to 4 months of field exploration to define initial drill targets.