Relinquishment Of Central Java Properties
Vancouver, B.C.: Southern Arc Minerals Inc. (“Southern Arc” or the “Company”) (TSX Venture: SA) announces that, following receipt of the official Regency decree, it has relinquished both of its Central Java properties (Tirtomoyo and Karang Tengah).
Based on results from surface prospecting programs, guided by regional geochemical surveys, the Company has concluded that these properties are limited in potential, and do not meet the Company’s threshold for inclusion in its portfolio.
Southern Arc’s focus over the next 12-18 months will be to fast-track its Lombok and Sumbawa properties to NI43-101 resource status, while at the same time pursuing other mineral opportunities in Indonesia.
On behalf of the Board of
Southern Arc Minerals Inc.
“John Proust”
President & CEO, Director
For Further Information Please Contact:
John G. Proust, President and CEO
Southern Arc Minerals Inc.
Suite 1500, Box 1078, 885 West Georgia Street, Vancouver, BC V6C 3E8 Canada Telephone: (604) 676-5241 Fax: (604) 676-5246
Based on results from surface prospecting programs, guided by regional geochemical surveys, the Company has concluded that these properties are limited in potential, and do not meet the Company’s threshold for inclusion in its portfolio.
Southern Arc’s focus over the next 12-18 months will be to fast-track its Lombok and Sumbawa properties to NI43-101 resource status, while at the same time pursuing other mineral opportunities in Indonesia.
On behalf of the Board of
Southern Arc Minerals Inc.
“John Proust”
President & CEO, Director
For Further Information Please Contact:
John G. Proust, President and CEO
Southern Arc Minerals Inc.
Suite 1500, Box 1078, 885 West Georgia Street, Vancouver, BC V6C 3E8 Canada Telephone: (604) 676-5241 Fax: (604) 676-5246
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
