Southern Arc Minerals has announced the results from an eight hole drilling program at the Bising target within the Mencanggah prospect at its key West Lombok property in Indonesia.
The program covered 2285 metres with highlights of 51.3 metres @ 1.5 grams/tonne gold from 35.6 metres including 5.1 metres @ 3.5 grams/tonne gold from 53.4 metres. Another hole returned intersections of 4.4 metres @ 2.1 grams/tonne gold and 7.3 grams/tonne silver from 74.2 metres including 0.8 metres @ 47.7 grams/tonne gold and 13.2 grams/tonne silver from 156.8 metres.
“Initial drill results indicate that gold mineralization continues at depth in the Bising target,” says Southern Arc’s chief operating officer Dr Mike Andrews. “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 of up to 66 metres at the main Bising epithermal body is inferred to result from the intersection of geological structures. Southern Arc says the target is at the crossroads of 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.
The company is planning further drilling to map out these broad silification zones, which have large tonnage potential. Southern Arc will prioritize additional drilling of Bising when the company resumes full-scale exploration upon receipt of its Pinjam/Pakai forestry permit.
In other news, Newcrest Mining has decided not to proceed with a 2010 agreement with Southern Arc regarding the Taliwang property.
The 31,200 hectare Taliwang property is prospective for gold, silver and copper across three main prospects. Both companies say despite their best efforts, certain conditions under the non-binding heads of agreement could not be met in the required timeframe, causing the agreement to lapse.