Southern Arc announces resource estimate for West Lombok property
Friday, July 12 2013 - 01:39 AM WIB
TSX-listed Southern Arc Minerals announced the results of an initial National Instrument 43-101 compliant resource estimate for its West Lombok property in Indonesia.
The company said in a statement obtained on Thursday that SRK Consulting (Canada) Inc. has estimated an Inferred Resource totaling 1.49 million ounces of gold, 1.82 million ounces of silver and 397.3 million pounds of copper from three open-pittable epithermal gold deposits and one porphyry copper deposit.
The Raja, Bising and Tibu Serai epithermal gold deposits are estimated to contain 11,783,000 tons averaging 1.5 g/t gold for contained metal of 567,820 ounces of gold, with an additional 1.82 million ounces of silver in the Raja deposit. The Selodong porphyry copper mineralization is estimated to contain 66,750,000 tons averaging 0.43 g/t gold and 0.27% copper for contained metal of 922,800 ounces of gold and 397,324,000 pounds of copper within two zones: Montong Botek and Blongas. All the resources reported have been constrained by Whittle optimized open pit shells.
Details of the resource estimate are summarized below, with the resource locations shown.
| Prospect? | Resource Category | Tonnage (tons)
???? |
Grade | Contained Metal | ||||
| Gold (g/t) | Silver (g/t) | Copper (%) | Gold (oz) | ?Silver (oz) | Copper (lb) | |||
| Epithermal Style 1 | ? | ? | ? | ? | ? | ? | ? | ? |
| Raja | Inferred | 3,898,000 | 2.63 | 14.0 | - | 329,700 | 1,821,000 | - |
| Bising | Inferred | 6,908,000 | 0.88 | ns | - | 195,550 | ns | - |
| Tibu Serai | Inferred | 977,000 | 1.36 | ns | - | 42,570 | ns | - |
| Total | Inferred | 11,783,000 | 1.50 | 14.0 | - | 567,820 | 1,821,000 | - |
| Porphyry Style 2 | ? | ? | ? | ? | ? | ? | ? | ? |
| Selodong | Inferred | 66,750,000 | 0.43 | ns | 0.27 | 922,800 | ns | 397,324,000 |
Editing by Reiner Simanjuntak