Southern Arc Minerals Inc.

Published : February 16th, 2012

Provides Drilling Results from Bising Target - Mencanggah Prospect

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | Copper | Diamond | Gold | Growth | Indonesia | Market | Recovery | Silver |

Southern Arc Provides Drilling Results from Bising Target � Mencanggah Prospect

February 16, 2012 � Vancouver, BC � Southern Arc Minerals (TSX-V: SA, OTCQX: SOACF) (�Southern Arc� or �the Company�) is pleased to provide Phase 1 drilling results from the Bising target in the Mencanggah Prospect on Southern Arc�s West Lombok Property.

Assay results have been received for drill holes MCG028 to MCG035, as summarized in Table 1 and Figure 1. All intersections are reported as down-hole lengths. A total of eight holes totaling 2,285.7 metres have been completed to date in the Phase 1 program at the Bising target. Highlight drilling intercepts include:

MCG028
51.3 m @ 1.5 g/t gold from 35.6 m
including  5.1 m @ 3.5 g/t gold from 53.4 m
3.8 m @ 4.9 g/t gold from 60.2 m

MCG030
39.0 m @ 1.8 g/t gold from 34.0 m
including  9.7 m @ 4.9 g/t gold and 5.9 g/t silver from 56.3 m
0.3 m @ 89.0 g/t gold and 27.6 g/t silver from 69.2 m

MCG031
4.4 m @ 2.1 g/t gold and 7.3 g/t silver from 74.2 m
0.8 m @ 47.7 g/t gold and 13.2 g/t silver from 156.8 m

MCG032
37.8 m @ 1.0 g/t gold from 11.7 m
including  3.0 m @ 2.7 g/t gold from 19.0 m
4.8 m @ 4.0 g/t gold from 25.2 m


Bising is a high-priority drilling target for Southern Arc based on the presence of significant surface channel intercepts from banded and brecciated chalcedonic-quartz vein structures, including 5.0 m @ 12.2 g/t gold, 2.0 m @ 228.0 g/t gold and 5.0 m @ 5.22 g/t gold.

�Initial drill results indicate that gold mineralization continues at depth in the Bising target,� said Dr. Mike Andrews, Chief Operating Officer of Southern Arc. �Given the impressive width of the main mineralized structure and the extensive network of offshoots and intersecting structures, Southern Arc will make Bising a high-priority target when full-scale exploration resumes at the West Lombok property.�

The extensive width (up to 66 metres) of the main Bising epithermal body is inferred to result from the intersection of geological structures: a major west-northwest trending structure and several north-northwest trending structures, the latter of which form the dominant gold mineralized trend in the district. Drill holes were located at 100 m drill spacings to test the main Bising epithermal structural body, its extensions, and intersections with several crossing structures.

Further drilling is warranted to map out these broad silification zones, which have large tonnage potential. Closer-spaced drilling is required to determine the orientation and continuity of higher-grade gold zones. Southern Arc will prioritize additional drilling of the Bising target when the Company resumes full-scale exploration upon receipt of its Pinjam/Pakai forestry permit. In the interim, the Company is focused on exploration of epithermal gold targets to the northwest of the property and copper-gold porphyry targets to the southeast and northeast of the property.

On behalf of the Board of
Southern Arc Minerals Inc.

John Proust

Chairman & Chief Executive Officer

About Southern Arc

Southern Arc Minerals Inc. is a 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 and on the OTCQX International under the symbol SOACF. More information is available at www.southernarcminerals.com or by emailing info@southernarcminerals.com.

Southern Arc Contact

Rhylin Bailie
Vice President, Communications & Investor Relations
North American toll-free: 1-855-676-5241
Email: info@southernarcminerals.com

Qualified Person

The technical information in this document has been reviewed by Southern Arc�s Chief Geologist, Andrew Rowe, B. App. Sc. Geology, MAusIMM. Mr. Rowe has over 18 years of international mineral exploration experience throughout Southeast and Central Asia and Australia. During this time he has held such positions as Principal Geologist � Feasibility Studies, Senior Geologist and Consulting Geologist. The technical information in this document has also been reviewed by Southern Arc�s President & Chief Operating Officer, Dr. Mike Andrews, PhD, FAusIMM, who has sufficient experience relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined by National Instrument 43-101.

The drill program and sampling protocol is managed by Southern Arc under the supervision of Andrew Rowe. The Diamond drill holes are drilled at PQ, HQ and NQ sizes depending on hole depth and core recovery to date has averaged 98.0%. Half core is cut by rock saw and is generally sampled using nominal 1-metre intervals; however, sample intervals are varied according to geological contacts and have ranged between 0.2 to 2.5 metres in length. Three quality control samples (one blank and two standards) are inserted into each batch of 40 samples. The half core samples are securely transported from the project site to the Intertek Testing Services (�ITS�) sample preparation laboratory in Sumbawa Besar via private truck hired by Southern Arc. Sample pulps are then sent to the ITS Jakarta laboratory by ITS. Gold is analysed by fire assay with AAS finish and a four-acid digestion with ICP-MS finish is used to analyse a full suite of elements including silver and base metals. ITS is one of the world�s largest product and commodity testing, inspection and certification organizations. The Jakarta laboratory is ISO 17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting.

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, the need to obtain permits, the need to work with local communities and authorities to advance the properties, 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 ability 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.

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.


Table 1 � Mencanggah Prospect, Bising Target, Phase 1 Drill Hole Statistics Summary
Drill Hole
Target
Depth
Coordinates
Az
Dip
From
To
Interval
Gold
Silver
 
 
(m)
E
N
 
 
(m)
(m)
(m)
(g/t)
(g/t)
MCG028
Bising
326.5
388254.66
9023900.8
195
-50
35.6
86.85
51.3
1.5
NS
Including
 
 
 
 
 
 
47.9
52
4.1
2.3
NS
Including
 
 
 
 
 
 
53.4
58.45
5.1
3.5
NS
Including
 
 
 
 
 
 
56.4
57.4
1.0
11.0
NS
Including
 
 
 
 
 
 
60.2
63.9
3.8
4.9
NS
Including
 
 
 
 
 
 
61.8
62.05
0.3
40.3
NS
Including
 
 
 
 
 
 
65.6
76.4
10.8
1.4
2.8
Including
 
 
 
 
 
 
76.0
76.4
0.5
13.4
NS
MCG029
Bising
234
388069.26
9023936.1
195
-50
47.1
47.7
0.6
3.5
NS
 
 
 
 
 
 
 
74.6
75.0
0.4
2.9
26
 
 
 
 
 
 
 
80.0
81.0
1.0
1.0
4.0
MCG030
Bising
201.5
388157.06
9023887.5
195
-50
34.0
73.0
39.0
1.8
3.1
Including
 
 
 
 
 
 
38.6
40.0
1.4
1.1
NS
Including
 
 
 
 
 
 
46.5
50.1
3.6
1.7
2.0
Including
 
 
 
 
 
 
56.3
66.0
9.7
4.9
5.9
Including
 
 
 
 
 
 
59.2
59.5
0.3
89
27.6
Including
 
 
 
 
 
 
71.0
73.0
2.0
1.1
5
MCG031
Bising
283.9
388331.2
9023866.8
195
-50
37.0
37.6
0.6
6.5
2.2
 
 
 
 
 
 
 
74.2
78.6
4.4
2.1
7.3
 
 
 
 
 
 
 
74.2
75.1
0.9
6.8
27.7
 
 
 
 
 
 
 
156.8
157.5
0.8
47.7
13.2
MCG032
Bising
250
388562
9023720
195
-50
11.7
49.5
37.8
1.0
NS
Including
 
 
 
 
 
 
19.0
22.0
3.0
2.7
NS
Including
 
 
 
 
 
 
25.2
30.0
4.8
4.0
2.5
Including
 
 
 
 
 
 
44.2
45.2
1.0
1.4
NS
MCG033
Bising
387.2
388217.82
9024026.3
230
-50
220.4
220.7
0.3
1.7
6.5
 
 
 
 
 
 
 
259.1
259.55
0.4
1.4
NS
MCG034
Bising
304.5
388376
9023678
230
-50
10.2
11.6
1.4
1.2
23.2
MCG035
Bising
298.1
388256
9023500
230
-50
65
66.4
1.4
1.7
NS
 
 
 
 
 
 
 
176.7
177.3
0.7
2.5
NS

NS � No significant result

Figure 1 � Mencanggah Prospect, Bising Target, Phase 1 Drill Hole Targets

Data and Statistics for these countries : Australia | Indonesia | All
Gold and Silver Prices for these countries : Australia | 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$ 7.75+0.52%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$ 10.92-1.71%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 0.57+3.64%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.38-3.64%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$ 15.32+0.46%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%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$ 1.77-1.12%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.10-0.89%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$ 0.04+0.00%Trend Power :