Arc exploration starts detail geochemical survey at Bima project

Australian metal exploration firm Arc Exploration Limited said on Thursday that it has commenced a detailed surface geochemical survey of the Kowo Prospect on the Bima copper-gold project in East Sumbawa.

?Follow-up soil sampling and rock chip sampling were completed at the northern end of the Kowo Prospect in late March quarter. Four previous selective chip samples taken from gossanous, stockwork-fractured and thinly quartz veined volcaniclastic rock in this area returned anomalous gold and barium results, ranging from 0.17 to 0.51 ppm Au and 0.3 to 1.1% Ba. A total of 33 soil samples and 36 rock samples were collected in this quarter and results should be available early next quarter,? the company said in quarterly report statement.

Grid-based soil geochemical sampling will be completed over the entire Kowo Prospect in the next quarter. The aim is to highlight possible geochemical zoning that might help vector future exploration toward a stronger mineralised part of the system, which may occur at depth or beneath the extensive, surrounding cover of alluvium, it said.

The conversion of the Bima KP to a Mining Business Licence (IUP) with Exploration Status is still in progress, it added.

The Company (95 percent interest) operates a joint-venture with PT Sumber Mineral Nusantara (5 percent), which holds the Bima General Survey KP license covering an area of 24,980 ha in East Sumbawa, West Nusa Tenggara Province. (denny)