Arc finds further encouraging drill results from E. Java gold project

Australian metal exploration firm Arc Exploration Limited said on Monday that it found encouraging drill results from its scout drilling programme at Trenggalek gold project in East Java.

The latest holes, TRDD 3, 4 and 5, all located in the southern portion of the West Sentul Vein, total 295 metres. All three holes returned narrow high grade gold (8-17 g/t Au) intersections from within broader moderate grade gold (4-6 g/t Au) zones hosted in the vein, the company said.

TRDD 3 returned two separate 1 m intersections of 10.4 g/t Au & 21 g/t Ag and 10.2 g/t Au & 40 g/t Ag within a 9.4 m intersection of 5.27 g/t Au & 18 g/t Ag from 35.1 m down-hole.

TRDD 4 returned a 2 m intersection of 17.2 g/t Au & 13 g/t Ag within a 9.65 m intersection of 4.51 g/t Au & 8 g/t Ag from 111.35 m down-hole. It also returned a separate 1 m intersection of 7.34 g/t Au & 10 g/t Ag within a 10.75 m intersection of 3.62 g/t Au & 9 g/t Ag from 127.95 m down-hole.

TRDD 5 returned a 1 m intersection of 8.10 g/t Au & 23 g/t Ag within a 9 m intersection of 4.91 g/t Au & 19 g/t Ag from 5.8 m down-hole.

The true-width of the mineralised vein in this part of the vein system appears to be consistent at approximately 6-7 metres, it said.

Total reported meterage to date is 550 or just over 10% of the 5,000 meters program to be conducted this year to test and rank several prospects for further drilling.

The company regards these results as very encouraging as they confirm the occurrence of high grade gold mineralisation surrounded by moderate grade gold mineralisation to a depth of at least 150 metres below surface in the southern part of the West Sentul Vein. (denny)