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Southern Arc Minerals Inc. (TSXV:SA,OTCQX:SOACF) announced initial results from the NI 43-101 compliant resource estimate for their West Lombok property.
Southern Arc Minerals Inc. (TSXV:SA,OTCQX:SOACF) announced initial results from the NI 43-101 compliant resource estimate for their West Lombok property.
As quoted in the press release:
SRK Consulting (Canada) Inc. has estimated an Inferred Resource 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 Raja, Bising and Tibu Serai epithermal gold deposits are estimated to contain 11,783,000 tonnes averaging 1.5 g/t gold for contained metal of 567,820 ounces of gold, with an additional 1.82 million ounces of silver in the Raja deposit. The Selodong porphyry copper mineralization is estimated to contain 66,750,000 tonnes averaging 0.43 g/t gold and 0.27% copper for contained metal of 922,800 ounces of gold and 397,324,000 pounds of copper within two zones: Montong Botek and Blongas.
Southern Arc’s President and COO, Dr. Mike Andrews, said:
The mineral estimate reported here is based on drilling at only four locations in the 13 km by 7 km mineralized belt. Both Southern Arc and SRK feel the resource estimate could be expanded and upgraded with additional exploration.
To view the whole press release, click here.
