Southern Arc Announces Issuing of IUP Licenses for Its Central Java Properties
Vancouver, B.C.: Southern Arc Minerals Inc. (“Southern Arc” or the “Company”) (TSX Venture: SA) is pleased to announce that it has been granted Mining Business Licenses (“IUPs”) for its Wonogiri properties, Karang Tengah and Tirtomoyo, both located within the Province of Central Java.
Issued by the Regent of Wonogiri, these IUPs are each comprised of two stages, with potential extensions. Over a period of 6 years, the exploration stage permits the Company to pursue exploration activities through to the conclusion of a feasibility study. Upon the conclusion of the exploration stage, the IUPs automatically convert to a second stage, permitting the Company to conduct commercial production on these properties for a minimum of 20 years, with the potential for two further 10 year extension periods.
Covering 2,399 Ha (Karang Tengah) and 4,896 Ha (Tirtomoyo), both properties have been targeted for epithermal Au-Ag and porphyry Cu-Au mineralization. Historical Dutch references provide evidence of exploitation by the Japanese during WWII of base metal skarn mineralization in the district. Potential for porphyry Cu-Au mineralization was confirmed by Au-Cu-Mo-Zn stream sediment geochemistry from a joint Japanese-Indonesian government geochemical mapping program in the early 1990s. Indonesian government agency surveys in 2002 and 2005 reported the presence of artisanal miners exploiting quartz-base metal veins and stockworks.
Initial Southern Arc prospecting and regional geochemical surveys have confirmed the presence of epithermal gold-silver-bearing quartz veins overprinting a previous porphyry Cu-Au event, somewhat analogous to the Company’s Selodong Prospect on west Lombok Island. The area forms part of the Old Andesite Formation, which is host to a number of porphyry Cu-Au occurrences along the southern coast of Java, including Bukit Tujuh (Banyuwangi), Ciemas (Jampang), and Bayah. The structural setting and erosional level of diorite intrusives are similar to those of Newmont’s Batu Hijau deposit. All of these listed properties are located within the Sunda Banda magmatic arc, from which the Company derives its name.
Continuing exploration programs will comprise surface prospecting, spectral analysis studies, ground geophysical surveys and, where warranted, scout diamond drilling.
For more information about the central Java properties, please refer to the page on the Company website at: http://www.southernarcminerals.com/projects/java/wonogiri/
For maps of the central Java properties, please refer to the page on the Company website at:
http://www.southernarcminerals.com/projects/java/wonogiri/maps/
On behalf of the Board of
Southern Arc Minerals Inc.
“John 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
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.
Issued by the Regent of Wonogiri, these IUPs are each comprised of two stages, with potential extensions. Over a period of 6 years, the exploration stage permits the Company to pursue exploration activities through to the conclusion of a feasibility study. Upon the conclusion of the exploration stage, the IUPs automatically convert to a second stage, permitting the Company to conduct commercial production on these properties for a minimum of 20 years, with the potential for two further 10 year extension periods.
Covering 2,399 Ha (Karang Tengah) and 4,896 Ha (Tirtomoyo), both properties have been targeted for epithermal Au-Ag and porphyry Cu-Au mineralization. Historical Dutch references provide evidence of exploitation by the Japanese during WWII of base metal skarn mineralization in the district. Potential for porphyry Cu-Au mineralization was confirmed by Au-Cu-Mo-Zn stream sediment geochemistry from a joint Japanese-Indonesian government geochemical mapping program in the early 1990s. Indonesian government agency surveys in 2002 and 2005 reported the presence of artisanal miners exploiting quartz-base metal veins and stockworks.
Initial Southern Arc prospecting and regional geochemical surveys have confirmed the presence of epithermal gold-silver-bearing quartz veins overprinting a previous porphyry Cu-Au event, somewhat analogous to the Company’s Selodong Prospect on west Lombok Island. The area forms part of the Old Andesite Formation, which is host to a number of porphyry Cu-Au occurrences along the southern coast of Java, including Bukit Tujuh (Banyuwangi), Ciemas (Jampang), and Bayah. The structural setting and erosional level of diorite intrusives are similar to those of Newmont’s Batu Hijau deposit. All of these listed properties are located within the Sunda Banda magmatic arc, from which the Company derives its name.
Continuing exploration programs will comprise surface prospecting, spectral analysis studies, ground geophysical surveys and, where warranted, scout diamond drilling.
For more information about the central Java properties, please refer to the page on the Company website at: http://www.southernarcminerals.com/projects/java/wonogiri/
For maps of the central Java properties, please refer to the page on the Company website at:
http://www.southernarcminerals.com/projects/java/wonogiri/maps/
On behalf of the Board of
Southern Arc Minerals Inc.
“John 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
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.
