Southern Arc reports drilling results from Mencanggah prospect
Wednesday, January 18 2012 - 03:15 PM WIB
Canadian exploration firm Southern Arc Minerals reported on Wednesday final results from Phase 1 drilling at the Waterfall Target in the Mencanggah Prospect on Southern Arc's West Lombok gold property in West Nusa Tenggara.
Final assay results have been received for the Phase 1 Waterfall target drill holes MCG003 to MCG027, as summarized in Table 1 and Figure 1. All intersections are reported as down-hole lengths. At Waterfall, 27 drill holes totalling 6,634 meters have been completed. Drilling tested outcrops of banded and brecciated epithermal chalcedonic-quartz veins for the presence of high-grade shoots at depth. These results confirm multiple vein zones at Waterfall, with the highlight intersections being:
MCG016 4.75m @ 15.6 g/t gold and 15 g/t silver from 168.50m, including 2.0m @ 36.1 g/t gold and 31 g/t silver from 169.70m
MCG006 1.6m @ 11.0 g/t gold and 2.6 g/t silver from 122.35m
Along the 2 kilometers of cumulative vein strike drill tested at Waterfall, best results appear to be localized on sections of the vein that strike north-northwest, which is the prominent structural control for gold mineralization throughout the property. Results from MCG001, MCG006 and MCG016 show significantly higher tenor supporting this concept. At least three north-northwest trending vein segments remain under tested for potential high-grade shoot development and will require more in-fill drilling.
Results from Waterfall confirm the presence of discrete high-grade shoots developed within the West Lombok epithermal systems. These results will be further interpreted and ranked with results from the other Mencanggah and Pelangan targets for future drilling. The decision to initiate Phase 1 exploration at the Waterfall target, rather than higher priority targets such as Bising and Tibu Serai, was a strategic decision as the Company worked to establish a strong corporate and security presence in the region.
The Company currently has two rigs drilling on the Jati and Tanjung targets on the Pelangan prospect, where previous exploration identified a continuous 1.5km-long mineralized epithermal breccia hosting at least one high-grade lode structure. Previous drilling intersections include 10.05m @ 13.4 g/t gold and 8 g/t silver (TGD-02), 9.2m @ 5.9 g/t gold and 11 g/t silver (JDG-03) and 26.2m @ 4.2 g/t gold (including 3.45m @ 12.3 g/t gold: PLD-027).
Editing by David Mustakim