Southern Arc Minerals Inc.

Published : September 06th, 2011

Commences Airborne Geophysical Survey at West Lombok

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Gold | Growth | Indonesia | Market | Molybdenum |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2011) - Southern Arc Minerals Inc. (TSX VENTURE:SA) is pleased to announce the commencement of a helicopter magnetic and radiometric survey over its entire West Lombok property. The survey plans to define both near-surface and buried copper-gold porphyry targets within the 13km by 7km Selodong-Mencanngah-Pelangan mineralized structural corridor. The detailed geophysical survey is being flown by GPX Surveys and will total some 2,420 line kilometres, with North/South oriented flight lines flown at 50m spacings over the entire property.

Newmont Mining, the previous tenement holder, flew regional airborne magnetic and radiometric surveys with line spacings ranging from 200m to 1000m. Southern Arc's magnetic inversion modeling of the Newmont data identified a number of near-surface magnetic anomaly targets. These magnetic anomalies coincide with structural intersections, locally elevated gold-copper-molybdenum soil geochemistry, and porphyry lithocap-related alteration assemblages that have been confirmed by clay spectral analysis. Geological mapping has also identified associated porphyry-style quartz stockwork veining at some of these localities. The combination of these features are interpreted as being related to both near-surface and deeper intrusive stocks with related porphyry-style alteration and mineralization. The detailed geophysical survey is expected to further refine these targets for drilling while identifying additional targets in the area.

The data acquisition phase of the survey is expected to be completed within the next 7 to 10 days and the new geophysical data will then be modeled and interpreted by leading geophysical consultants using state of the art processing methods. Southern Arc will also undertake Induced Polarization (IP) and resistivity ground geophysical surveys to further refine selected porphyry copper-gold targets that are to be drill tested in late Q4-2011, following the current drill campaign that is testing the strike length of gold-bearing epithermal mineralized structural breccia bodies at the Mencanggah prospect.

On behalf of the Board of Directors

John Proust, Chairman and CEO

About Southern Arc

Southern Arc Minerals Inc. is an Indonesia-based Canadian mineral exploration company with an aggressive exploration, acquisition and growth strategy. The Company's portfolio includes four 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 Vale and Newcrest. The Company's key exploration property is its West Lombok project, with several gold-rich copper porphyry and epithermal gold vein prospects. Southern Arc is listed on the TSX Venture Exchange under the symbol SA. More information is available at www.southernarcminerals.com or by emailing info@southernarcminerals.com.

Forward-looking Statements

This news release contains forward-looking statements relating to expected or anticipated future events and operations, timing of projects and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the company's capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved during the forecast period will be the same in whole or in part as that forecast.

- 30 -

FOR FURTHER INFORMATION PLEASE CONTACT:

Southern Arc Minerals Inc.
Rhylin Bailie
Vice President, Communications & Investor Relations
604-676-5241
Fax: 604-676-5246
info@southernarcminerals.com
www.southernarcminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

INDUSTRY: Manufacturing and Production - Mining and Metals
SUBJECT: MEX - MINING EXPLORATION UPDATE


If you no longer want to receive announcements from us, please do not reply to this e-mail.
Instead simply click http://marketwire.com/mw/fmu.jsp?id=301613721

.
Data and Statistics for these countries : Indonesia | All
Gold and Silver Prices for these countries : Indonesia | All

Southern Arc Minerals Inc.

CODE : SA.V
ISIN : CA8422001070
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Southern Arc is a gold exploration company based in Canada.

Southern Arc holds various exploration projects in Indonesia.

Its main exploration properties are SELODONG, WEST LOMBOK and EAST LOMBIK in Indonesia.

Southern Arc is listed in Canada. Its market capitalisation is CA$ 13.6 millions as of today (US$ 10.2 millions, € 8.7 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.48, and its lowest recent point on November 22, 2013 at CA$ 0.03.

Southern Arc has 15 230 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Southern Arc Minerals Inc.
2007 Annual report
Financings of Southern Arc Minerals Inc.
2/24/2011Closes $28 Million Bought Deal Private Placement
11/20/2009Amends Exercise Price of 4,716,418 Share Purchase Warrants
1/9/2008Completes Additional $207,000 Non-Brokered Equity Financing
Option Grants of Southern Arc Minerals Inc.
2/11/2011Grants Stock Options
7/19/2010Grant of Stock Options
9/16/2009Cancellation and Grant of Stock Options
10/3/2007Announces the Granting of Stock Options
Nominations of Southern Arc Minerals Inc.
11/8/2013Announces Results from Annual General Meeting, Including Cha...
7/13/2011Appoints Rhylin Bailie as Vice =?ISO-8859-1?Q?=20President,=...
7/31/2008Announces Director Appointment
3/25/2008Appoints Chief Geologist
Financials of Southern Arc Minerals Inc.
11/27/2013First Quarter Financial Results and Projects Update
10/29/2013Year-end Financial Results and Projects Update
Project news of Southern Arc Minerals Inc.
2/3/2014and Eagle Hill Exploration to Host Investor Session on March...
8/15/2013and Dundee Corporation Complete $12 Million Strategic Invest...
3/2/2012(Taliwang)Newcrest Mining Limited Not To Proceed With Taliwang Propert...
9/21/2011Announces Drill Results From Me =?ISO-8859-1?Q?ncanggah=20an...
8/24/2011(West Lombok)Announces Additional High-Grade Intersections From Pelangan ...
8/18/2011(West Lombok)Secures West Lombok Property for Resumption of Drilling in S...
8/9/2011(West Lombok)Local Demonstrations Delay Drilling at Southern Arc's West L...
8/4/2011Drilling Program Underway at th =?ISO-8859-1?Q?e=20Mencangga...
8/2/2011(West Lombok)Announces Latest Drilling Results =?ISO-8859-1?Q?=20From=20t...
5/25/2011Intersects a Wide Interval of Bonanza Gold Grades From Its P...
4/8/2011(West Lombok)Inc=2E: Pelangan Phase 2 Drilling Update and Mobilization of...
3/1/2011(West Lombok)Inc=2E: Drilling RigsMobilized for Pelangan Prospect-West Lo...
7/12/2010(Taliwang)Issuing of IUP License
11/27/2009(Selodong)Acquisition of Selodong Base Camp Land
9/10/2008(West Lombok)Releases Drill Results From Hole SLD029 at Its Montong Botek...
8/6/2008(Selodong)Releases Drill Results from Drill Holes SDL024 to SLD028 at ...
7/10/2008(Selodong)Continues to Increase the Size of Montong Botek Cu-Au Porphy...
5/13/2008(Selodong)Drill Results from Montong Botek
4/29/2008(Taliwang)Commencement of Contract of Work Negotiations on Southern Ar...
4/4/2008(West Lombok)Drilling of the Montong Botek NW Extension Intersects Longes...
1/24/2008(Selodong) Releases Drill Results From Blongas I and Kekalik Porphyry ...
10/4/2007Sixth Drill Hole at the Selodong Intrusive Complex Intersect...
9/5/2007Intersects 486.15 Metres of 0.22% Cu and 0.26 g/t Au From 2....
Corporate news of Southern Arc Minerals Inc.
7/29/2016Southern Arc Appoints New CFO
5/12/2016Southern Arc Sells East Elang Property, Retains 3% NSR
1/26/2016Southern Arc Closes Financing for $1 Million
10/28/2015Southern Arc Year-end Financials
9/30/2015Southern Arc Announces Share Consolidation
9/29/2015Southern Arc Proposes Share Consolidation
9/23/2015Southern Arc Announces Change of Auditors
9/22/2015Southern Arc Announces Change of Auditors
9/17/2015Southern Arc Proposes Share Consolidation
9/9/2015Southern Arc Announces Interest in Oban Mining Corporation
4/13/2015Southern Arc Announces Changes to Board of Directors
3/18/2015Southern Arc Second Quarter Financial Results and Projects U...
12/31/2014Southern Arc to Cease Trading on OTCQX
12/31/2014Southern Arc to Cease Trading on OTCQX
12/8/2014Southern Arc Enters into Joint Venture to Advance the West L...
12/8/2014Southern Arc Announces Results from Annual General Meeting
12/8/2014Southern Arc Enters into Joint Venture to Advance the West L...
12/3/2014Southern Arc Annual General Meeting and Shareholder Update
12/2/2014Southern Arc First Quarter Financial Results and Projects Up...
10/29/2014Southern Arc Year-end Financial Results and Projects Update
7/24/2014Southern Arc Amends and Closes Sale of Taliwang Project
7/17/2014Southern Arc Files Technical Report and Updated Mineral Reso...
5/30/2014Southern Arc Third Quarter Financial Results and Projects Up...
5/30/2014Southern Arc Third Quarter Financial Results and Projects Up...
5/9/2014Southern Arc Purchases Additional Shares and Warrants in Eag...
4/8/2014Southern Arc Purchases Additional Shares and Warrants in Eag...
4/8/2014Southern Arc Purchases Additional Shares and Warrants in Eag...
4/1/2014Southern Arc Announces Re-pricing of Stock Options
10/31/2013Annual General Meeting and Shareholder Update
8/23/2013(West Lombok)Files West Lombok Technical Report
7/11/2013(West Lombok)Announces Inferred Resource Estimate for the West Lombok Pro...
6/28/2013and Dundee Corporation to Make Strategic Investment in Eagle...
5/30/2013Third Quarter Financial Results and Projects Update
5/30/2013(West Lombok)Reports Further Encouraging Drill Results from the Mencangga...
3/25/2013(West Lombok)Intersects 24.8 m @ 4.27 g/t gold at Tibu Serai, Commences F...
10/29/2012Reports Sabalong Drill Results
2/29/2012Second Quarter Financial Results and Projects Update
2/16/2012Provides Drilling Results from Bising Target - Mencanggah Pr...
9/23/2011Announces Results of Special Meeting of Shareholders
9/19/2011(West Lombok)Appoints West Lombok Project Manager
9/15/2011Shareholder Meeting and Investor =?ISO-8859-1?Q?=20Session=2...
9/6/2011(West Lombok)Commences Airborne Geophysical Survey at West Lombok
6/28/2011Continues to Hit Wide Intervals of Gold Mineralisation in It...
6/22/2011Adds Senior Indonesian Government Official to Board of Advis...
6/21/2011Announces $18 Million Equity =?ISO-8859-1?Q?Financing=20From...
6/13/2011Exercises Option to Acquire 1 =?ISO-8859-1?Q?=2E3=20Million=...
5/24/2011Inc=2E: Resumption of =?ISO-8859-1?Q?Drilling=20Program=20at...
5/17/2011on Temporary Demonstrations at Southern Arc Minerals' Operat...
5/12/2011High Gold Grades Intersected and Depth Potential Confirmed b...
3/7/2011Promotion of Hamish Campbell as Executive Vice President of ...
2/16/2011to Host Investor Session at PDAC on March 6, 2011
7/21/2010Adds Contract Negotiator to Team
7/7/2010Negotiates US$1 Million Loan From Director
7/2/2010NTB Land Utilization Regulation-"The Perda"-Enacted Into L
6/8/2010Completes Financing and Enters Into Agreement to Be Acquired...
3/8/2010Perda Endorsed by Minister of Home Affairs
1/15/2010to Host Investor Session on March 7, 2010
1/14/2010Provincial Legislature Ratifies The Revised Provincial Regul...
1/13/2010Canada Nickel Drills Successful Well and Enters Into Second ...
1/7/2010Issuing of IUP Licenses for Its Central Java Properties
1/5/2010Minister of Public Works Signs the Revision of the Provi
12/24/2009& Indotan Inc. Close Acquisition
12/16/2009Granted IUP License for Its East Elang Property
12/11/2009Provides a Further Update on the Revision of the Provincial ...
11/30/2009Provides Update on Canada Nickel
12/1/2009Provides an Update on the Rev =?ISO-8859-1?Q?ision=20of=20th...
11/18/2009Results of 2009 AGM of the Company
10/29/2009to Acquire Subsidiary of Indotan Inc.
3/9/2009Indonesian Government Confirms Tenure of Southern Arc's Lomb...
12/19/2008Canada NickelCommences Legal Action Against Diamondex Resou
12/19/2008Update on Contract of Work Applications Status
10/1/2008 Receives Shareholder Approval for Its Strategic Investment ...
9/30/2008Acquires New Exploration License Over Epithermal-Porphyry Ta...
9/30/2008Provides Update on Canada Nickel Investment
9/9/2008Update on Strategic Investment in Canada Nickel Corp=2E
7/9/2008akes Strategic Investment in Canada Nickel Corporation
2/7/2008 Releases Drill Results From Montong Botek North Target Area
2/6/2008 Announces the Issuance of Bonus Shares to Indonesian Staff
12/19/2007 Completes $11,112,400 Equity Financing
10/30/2007 Announces Securing a 2nd Drill for its Selodong Porphyry Cu...
8/22/2007Provides Information on Short-Term Investment
8/14/2007Fifteen Porphyry Cu-Au Drill Targets Identified Within South...
7/31/2007Drills 192.25 Metre Intercept Grading 0.36% Cu and 0.74 g/t ...
6/28/2007Drills 363.50 Metre Intercept Grading 0.30% Cu and 0.51 g/t ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SA.V)
0.890+1.14%
TSX-V
CA$ 0.890
10/14 15:55 0.010
1.14%
Prev close Open
0.880 0.870
Low High
0.860 0.890
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.890 -%
Volume 1 month var.
34,727 -%
24hGold TrendPower© : 34
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2020147.22%0.930.25
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :