VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Southern Arc Minerals (TSX VENTURE: SA)(OTCQX: SOACF) ("Southern Arc" or "the Company") is pleased to provide drilling results from the Bising target in the Mencanggah prospect on Southern Arc's West Lombok property.
Southern Arc will host an investor update webcast Monday, March 4 at 11am EST North American toll-free: 1-800-319-4610 International / Vancouver callers: 604-638-5340 Webcast: www.southernarcminerals.com
On December 13, 2012, Southern Arc announced plans to commence drilling at West Lombok, with a near-term exploration focus on epithermal gold-bearing structural breccias in the Mencanggah prospect. Southern Arc mobilized three drill rigs to the Bising target and initiated a Phase 2 drill program, developed in consultation with SRK Consulting (Canada) Inc. ("SRK"), to infill and expand the zones of mineralization adjacent to wide mineralized intercepts identified with Phase 1 drilling (Figure 1 and Table 2, refer to Southern Arc news release dated February 16, 2012). Southern Arc has now completed 11 Phase 2 holes at Bising (1,375.6 metres) as summarized in Table 1 and Figure 1. These results have been delivered to SRK for inclusion in a National Instrument 43-101 compliant resource estimate for the property, targeted for completion by mid-2013.
Highlight Phase 2 drilling intercepts include:
MCG041 66.8 m @ 0.66 g/t gold and 2.4 g/t silver from 20.0 m including 22.9 m @ 1.16 g/t gold and 2.7 g/t silver from 22.0 mMCG042 53.2 m @ 1.04 g/t gold and 1.4 g/t silver from 16.0 m including 1.0 m @ 9.67 g/t gold and 0.8 g/t silver from 32.2 m and 0.30 m @ 10.2 g/t gold and 61.3 g/t silver from 46.3 mMCG043 42.4 m @ 0.51 g/t gold and 1.1 g/t silver from 20.7 m including 10.1 m @ 1.0 g/t gold and 1.9 g/t silver from 39.0 mMCG044 58.15 m @ 0.61 g/t gold from 87.85 m including 11.0 m @ 1.3 g/t gold from 104.6 m and 7.5 m @ 1.1 g/t gold from 123.0 m
"We are encouraged that wide intervals averaging greater than 1 g/t gold mineralization have been intersected in a large proportion of the diamond drill holes in the Bising target," said Dr. Mike Andrews, President and Chief Operating Officer of Southern Arc. "These results continue to demonstrate the consistency and width of mineralization at Bising."
The extensive width (up to 66 metres width in surface outcrop) of the main Bising epithermal body is inferred to result from the intersection of geological structures: a major west-northwest trending fault intersected by several north-northwest trending faults, the latter of which form the dominant gold mineralized trend in the West Lombok district. Drill holes in Phase 1 exploration were located at 100 m drill spacings to test the main Bising epithermal structural body, its extensions, and intersections with the several crossing faults.
With this initial program of Phase 2 exploration complete at Bising the rigs were mobilized to the Tibu Serai target in the Mencanggah prospect. Surface channel samples at the Tibu Serai target have returned the highest-grade mineralization on the property to date. Southern Arc has completed seven drill holes (1,124.2 metres) targeting down-dip extensions from elevated rock-chip gold geochemistry in multiple veins that exhibit low silver-to-gold ratios.