Drilling Rigs Mobilized For Pelangan Prospect – West Lombok Property
Vancouver, B.C.: Southern Arc Minerals Inc. (TSX Venture: SA) is pleased to announce that three diamond drill rigs have been mobilized for the Phase 2 drilling activities at its Pelangan Epithermal Au-Ag Prospect located in West Lombok, Indonesia. The drill rigs will immediately commence diamond drill testing for high-grade shoots at the Central Rajatargetin the Pelangan Prospect (Figure 1). Raja forms part of an extensive (3 by 2 km) area of epithermal Au-Ag mineralization, where Au-Ag bearing quartz veins and breccias overprint structurally controlled silica-ledges (termed Mineralized Structural Breccia or “MSB”). Details of results (PLD001: 4.85 m @ 7.11 g/t Au/19 g/t Ag & PLD002: 17.25 m @ 5.73 g/t Au/12 g/t Ag, including 8.75 m @ 10.51 g/t Au/21 g/t Ag) from the first two drill holes of Phase 2 drilling at Central Raja were previously reported in NR 11-02, January 11, 2011.
The drill rigs supplied by PT. Promincon Indonesia are capable of coring to depths of greater than 400 metres, which will adequately cover the scope of this phase of drilling. The Company’s aim for the next 12 months at Pelangan is to complete Phase 2 and infill resource drilling of defined MSB’s (15,000+ metres), leading to NI 43-101compliant resource status. In association with this will be aggressive drill targeting of “bonanza” style ore shoots.
Based on encouraging Au-Ag drill intercepts from Phase 1 drilling and evidence of increasing gold grade with depth (PLD001/002),management feels that this aggressive approach is warranted by bringing gold-silver assets to a resource status in order to underpin the value of the Company.
For more information about Southern Arc, please refer to the Company website at:
On behalf of the Board of
Southern Arc Minerals Inc.
Chairman and CEO
For Further Information Please Contact:
John G. Proust, Chairman and CEO
Southern Arc Minerals Inc.
Forward Looking Statements: This news release contains forward looking statements relating to expected or anticipated future events and operations, timing of projects and anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process
and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the company’s capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved will be the same in whole or in part as described above.
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