Southern Arc Commences Drilling At Sabalong Project
October 24, 2011 – Vancouver, BC – Southern Arc Minerals Inc. (TSX-V: SA) (“Southern Arc”) is pleased to announce that drilling is underway at its Sabalong Project on Sumbawa Island, Indonesia. The property is being advanced in partnership with a wholly-owned subsidiary of Vale S.A. (“Vale”) under an option and joint venture agreement. Southern Arc is managing the exploration program, and Vale is funding all project expenditures. Full details about the option and joint venture agreement are available on SEDAR at www.sedar.com and on Southern Arc’s website at www.southernarcminerals.com.
During 2011 Southern Arc completed a detailed ground magnetic survey covering a 15.5 square km area over the property to identify potential buried porphyry targets. Magnetic anomalies identified on the western and southern margins of the Lito lithocap were recently covered by a deep-penetrating induced polarisation (IP) survey, which covered an 8.2 square km area. Inversion modeling and 3D visualization of the magnetic and IP data has revealed a chargeable zone over a 1.3km by 1.5km area possibly related to buried sulphides. Southern Arc and Vale plan to drill this target with a series of deep holes to test for the presence of a mineralized porphyry system. The first three planned drill hole locations are shown in Figure 1; drilling of the first hole commenced on October 21.
The 9,950 hectare Sabalong Project is located in the Miocene volcanic belt of the Sunda-Banda Arc, 30km north-northeast of Newmont’s Elang copper-gold porphyry deposit, a “consolidated 25 Moz gold and 16 Blb copper target” (Newmont Mining Corporation News Release, February 24, 2011) and 75km northeast of Newmont’s Batu Hijau copper-gold mine.
The technical information in this press release has been reviewed by Andrew Rowe, B. App. Sc. Geology, MAusIMM, Chief Geologist of Southern Arc and a Qualified Person as defined by National Instrument 43-101.
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About Southern Arc
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