Southern Arc Minerals has filed a National Instrument 43-101 Technical Report regarding the resource estimate for its West Lombok property. The report includes an inferred resource estimate totalling 1.49 million ounces of gold, 1.82 million ounces of silver and 397.3 million pounds of copper from three open-pittable epithermal gold deposits and one porphyry copper deposit.
The resource estimate and technical report were completed by SRK Consulting (Canada) Inc. The technical report has been filed on SEDAR at www.sedar.com and on Southern Arc’s website.
With the epithermal style deposits Raja is estimated to contain 329,700 ounces of gold and 1.82 million ounces of silver, Bising contains 195,550 ounces of gold and Tibu Serai 42,570 ounces of gold. The Selodong porphyry style deposit is estimated to contain 922,800 ounces of gold and 397.3 million pounds of copper.
The grades at Raja are 2.63 gram/tonne gold and 14.0 grams/tonne silver, at Bising 0.88 grams/tonne gold, at Tibu Serai 1.36 grams/tonne gold and at Selodong 0.43 grams/tonne gold and 0.27% copper.
Southern Arc is a Canadian mineral exploration company focused on gold and copper-gold exploration. The company's key exploration property is its West Lombok project in Indonesia, with several gold-rich copper porphyry and epithermal gold vein prospects.