Southren Arc announces positive drilling results from Sumbawa gold prospect
Tuesday, January 31 2006 - 07:09 PM WIB
Canadian junior exploration firm Southern Arc Minerals Inc. announced Tuesday positive indication from the company has received assay results from the first three diamond drill holes of phase two drilling at its Lemonga Prospect located on Sumbawa Island.
The holes LDG-17 to LDG-19 were drilled to test down-dip and along lateral extensions of high-grade gold-silver shoots intersected in the southern Amy Vein in an earlier scout drilling program.
The Lemonga Prospect is focused on a low-sulphidation epithermal quartz vein system over which surface mapping by Southern Arc and previous operators has confirmed hydrothermal argillic alteration within an area approximately 1 km East-West by 1.5 km North-South. Five quartz vein targets, named Amy, Betty, Cici, Dessy and Evi, have been identified within the alteration zone.
The best exposed vein, the Amy Vein, has a mapped strike extent of at least 950 meters. In 2005 the company completed eight drill holes along the strike of the Amy Vein, with high grade shoots intersected in the southern portion over a 300+ m strike extent.(alex)