Southern Arc Announces Drill Results From Mencanggah and Pelangan Prospects, West Lombok Project
|MCG001||2.30 m @ 3.96 g/t Au from 257.50 m|
|including||0.80 m @ 7.60 g/t Au from 259.00 m|
|MCG002||2.00 m @ 5.15 g/t Au from 118.70 m|
|including||0.20 m @ 9.80 g/t Au from 118.70 m|
Dr. Mike Andrews, Southern Arc’s President and Chief Operating Officer, commented: “The first drill holes at the Mencanggah prospect have returned encouraging intercepts and confirm gold mineralization at depth, albeit in splays peripheral to the main target zones. Further drilling at Waterfall is a high priority and we look forward to reporting results as the drill program advances.”
Pelangan Drill Results
Southern Arc has also received assays for holes PDL028 to PDL033 drilled at the Pelangan Prospect.
|PLD028 (Central Raja)||1.35m @ 1.0 g/t Au and 6.2 g/t Ag from 251.05m|
|PLD031 (South Raja)||3.90m||@ 3.9 g/t Au from 154.70m|
|including||0.85m||@ 11.5 g/t Au from 156.40m|
|PLD032 (South Raja)||13.15m@ 1.4 g/t Au from 87.20m|
|including||3.30m||@ 2.3 g/t Au from 97.05m|
|PLD033 (Tanjung)||0.65m||@ 1.04 g/t Au from 114.95m|
Drill holes PLD029 and PLD030 at North Raja did not intersect any significant
Southern Arc has drilled more than 7,000 metres at Pelangan as part of its Phase 2 exploration program. Drilling will resume at Pelangan in late Q4-2011 with approximately 13,000 metres with the objective of completing a National Instrument 43-101 compliant resource estimate for the Pelangan Prospect in the first half of 2012.
On behalf of the Board of Directors
Chairman and CEO
About Southern Arc
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Qualified Person and Quality Control and Assurance
The information in this release has been compiled under the supervision of Southern Arc’s Chief Geologist, Andrew Rowe B. App. Sc. Geology, MAusIMM. Mr. Rowe has over 18 years of international mineral exploration experience throughout Southeast and Central Asia and Australia. During this time he has held such positions as Chief Geologist – Feasibility Studies, Senior Geologist and Consulting Geologist. Mr. Rowe has sufficient experience relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined by National Instrument 43-101.
The drill program and sampling protocol is managed by Southern Arc under the supervision of Andrew Rowe. The diamond drill holes are drilled at PQ, HQ and NQ sizes depending on hole depth and core recovery to date has averaged 98.0%. Half core is cut by rock saw and is generally sampled using nominal 1-metre intervals; however, sample intervals are varied according to geological contacts and have ranged between 0.2 to 2.5 metres in length. Three quality control samples (one blank and two standards) are inserted into each batch of 40 samples. The half core samples are securely transported from the project site to the Intertek Testing Services (“ITS”) sample preparation laboratory in Sumbawa Besar via private truck hired by Southern Arc. Sample pulps are then sent to the ITS Jakarta laboratory by ITS. Gold is analysed by fire assay with AAS finish and a four-acid digestion with ICP-MS finish is used to analyse a full suite of elements including silver and base metals. ITS is one of the world’s largest product and commodity testing, inspection and certification organizations. The Jakarta laboratory is ISO 17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting.
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 regulatoryprocess 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 during the forecast period will be the same in whole or in part as that forecast.
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