Southern Arc Minerals Inc. (TSX VENTURE:SA) has announced that three diamond drill rigs have been mobilized for the Phase 2 drilling activities at its Pelangan Epithermal Au-Ag Prospect located in West Lombok, Indonesia.
The drill rigs will immediately commence diamond drill testing for high-grade shoots at the Central Raja target in the Pelangan Prospect. Raja forms part of an extensive (3 by 2 km) area of epithermal Au-Ag mineralization, where Au-Ag bearing quartz veins and breccias overprint structurally controlled silica-ledges (termed Mineralized Structural Breccia or "MSB"). Details of results (PLD001: 4.85 m @ 7.11 g/t Au/19 g/t Ag & PLD002: 17.25 m @ 5.73 g/t Au/12 g/t Ag, including 8.75 m @ 10.51 g/t Au/21 g/t Ag) from the first two drill holes of Phase 2 drilling at Central Raja were previously reported in NR 11-02, January 11, 2011.
The drill rigs supplied by PT. Promincon Indonesia are capable of coring to depths of greater than 400 metres, which will adequately cover the scope of this phase of drilling. The Company's aim for the next 12 months at Pelangan is to complete Phase 2 and infill resource drilling of defined MSB's (15,000+ metres), leading to NI 43-101compliant resource status. In association with this will be aggressive drill targeting of "bonanza" style ore shoots.
Based on encouraging Au-Ag drill intercepts from Phase 1 drilling and evidence of increasing gold grade with depth (PLD001/002), management feels that this aggressive approach is warranted by bringing gold-silver assets to a resource status in order to underpin the value of the Company.
Source: Southern Arc Minerals Inc.