SRK's Recommendations for Further Exploration
SRK's report states that: "The West Lombok Property hosts at least four separate mineral deposits within a 10-km strike length. Both epithermal gold and porphyry copper-gold deposits have been identified and a large portion of the property still remains to be explored in detail. All deposits identified so far are still open along strike and at depth and further drilling could discover additional mineralization, especially at Raja where the possibility of finding mineralization that could be amenable to underground mining seems very good."
SRK has recommended that the following programs are warranted to advance the West Lombok Property. The locations outlined below are shown in Figure 1.
-- At Raja, further drilling is required to upgrade the resource status to infill intercepts to nominal 25 metre centres, and to extend resources down-plunge of open high-grade shoots.-- Scout drilling to test the Lala structure located some 350 metres east of, and parallel to, the Raja deposit. Here numerous high-grade rock chip samples have been collected along an 800 metre strike zone.-- At Tibu Serai, where the current resource zone is only drilled on a 250 metre long zone of MSB, further drilling is required to test open extensions down dip and along strike.-- Scout drilling is warranted at several other targets with high-grade rock chip sampling at Mencanggah, including the 2-km long Mahoni zone.-- Further drilling is required on Bising to infill the upper high-grade parts of the structure and test open extensions along strike and down dip.-- Selective ground IP geophysics is recommended to focus porphyry drill testing on the higher priority porphyry targets.
The West Lombok Property contains several other mineral occurrences and only a small portion of the favourable ground has been drill tested to date. SRK have expressed their opinion that the untested mineral occurrences represent a great opportunity to locate additional mineralization on the West Lombok Property.
"This resource estimate represents a major milestone for Southern Arc and demonstrates that the West Lombok property holds significant potential on both the epithermal and porphyry fronts," said John Proust, Chairman and Chief Executive Officer of Southern Arc. "With this resource estimate in hand, we are now in a position to advance substantive conversation with potential partners to fund and advance the West Lombok 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 focused on gold and copper-gold exploration. 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 firstname.lastname@example.org.
Cautionary Note Regarding Resource Estimates
This press release uses the term "resources", "indicated resources" and "inferred resources". United States investors are advised that, while such terms are recognized and required by Canadian securities laws, the United States Securities and Exchange Commission (the "SEC") does not recognize them. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of "contained ounces" is permitted disclosure under Canadian regulations, however, the SEC normally only permits issuers to report "resources" as in place tonnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contained in this release may not be comparable to information made public by United States companies subject to the reporting and disclosure requirements of the SEC.