Southern Arc identifies 15 drill targets within Lombok copper-gold prospect
Tuesday, August 14 2007 - 04:20 PM WIB
The Selodong Intrusive Complex covering an area of approximately 7 by 3 kilometres, is situated at the southern end of a 13 km long, northwest trending structural corridor of mineralization and alteration on SA's Lombok property in Lombok island, West Nusa Tenggara.
Since April 2007, the company has completed four drill holes (SLD001 to SLD004) totaling 2,242.5 metres in the SIC area, with the fifth, SLD005 currently in progress. These holes have tested two of the 15 porphyry Cu-Au targets and all have intersected broad zones (363.5 to 442.2 metres) of significant Cu-Au mineralization. Within these intervals significant widths of high grade Cu-Au values were intersected and as such the SIC porphyry system would be classified in the "Gold-Rich" category of porphyry Cu mineralization.
Based on the encouraging drilling results to date and the large number of porphyry Cu-Au drill targets, management intends to drill test each target to better understand the geometry, grade, and size potential with the objective of prioritizing the targets for future work, the company said. (alex)
