Southern Arc says Lombok drilling shows increase in grade
Wednesday, August 3 2011 - 12:43 AM WIB
Assay results have been received for drill holes PLD 015 to PLD 023, which generally showed a significant increase in grade.
"Particularly encouraging is significant increase in grade below phase 1 drilling at South Raja lode where the 600 m long lode remains open to the south and at depth, drilling will continue to test this area in the weeks ahead. Drilling will also continue to target mineralisation at broad intervals along strike at Tanjung-Jati and North Raja lodes,? Mike Andrews, President and CEO of Southern Arc commented.
The company's portfolio in Indonesia includes four active exploration projects with epithermal gold and gold-copper porphyry prospects on the Lombok and Sumbawa islands in Indonesia , three of which are being advanced in partnership with major mining companies. Its key exploration property is its West Lombok project, with several gold-rich copper porphyry and epithermal gold vein prospects.(alex)