Southern Arc intercepts 855 metres 0.10% copper

Vancouver – The deep reach of Southern Arc Minerals‘ (SA-V) drills has paid off with their longest mineralized intercept to date at their 21-sq.-km Selodong prospect on west Lombok Island in Indonesia.

Starting from surface and continuing to a depth of 855 metres, hole 23 cut 0.10% copper and 0.22 gram gold per tonne. The hole was testing the northern extension of the Montong Botek target where Southern Arc says Newmont Mining (NMC-T, NEM-N) had previously outlined a 450-metre long and 250-metre wide mineralized area.

Polymictic breccias ran to 592 metres followed by both altered volcanic and volcanic-derived sediments.

A hole sniffing out the potential of southwest extensions of a mineralized area encountered in hole 4 at Blongas II about 500 metres to the north of Montong came up empty. In hole 4 Southern Arc had intercepted 407 metres grading 0.25% copper and 0.45 gram gold.

Southern Arc also reported a drill result from its Lepangan Geres property about 7.5 km to the northwest of Selodong. Hole 21 returned 142 metres grading 0.07% copper and 0.14 gram gold starting from surface.

The company says the first 192 metres were mainly intensely sheared, phyllic altered diorite porphyry followed by sheared volcanics and volcanic sediments.

Although the west Lombok property is Southern Arc’s current focus, it has five properties on Lombok and Sumbawa islands. The company says the acquisitions are all part of its strategy to explore copper-gold porphyry targets in the Sunda-Banda magmatic arc which spans across Indonesia’s southern islands.

On news of the results Southern Arc’s share price slid 0.5 to 39.5 at press time. The company has 71 million shares issued.