Southern Arc commences drilling at Sabalong project
Monday, October 24 2011 - 08:52 PM WIB
The property is being advanced in partnership with a wholly-owned subsidiary of Vale S.A. under an option and joint venture agreement. Southern Arc is managing the exploration program, and Vale is funding all project expenditures.
During 2011 Southern Arc completed a detailed ground magnetic survey covering a 15.5 square km area over the property to identify potential buried porphyry targets. Magnetic anomalies identified on the western and southern margins of the Lito lithocap were recently covered by a deep-penetrating induced polarisation (IP) survey, which covered an 8.2 square km area. Inversion modeling and 3D visualization of the magnetic and IP data has revealed a chargeable zone over a 1.3km by 1.5km area possibly related to buried sulphides.
Southern Arc and Vale plan to drill this target with a series of deep holes to test for the presence of a mineralized porphyry system.
The 9,950 hectare Sabalong Project is located in the Miocene volcanic belt of the Sunda-Banda Arc, 30km north-northeast of Newmont's Elang copper-gold porphyry deposit. (alex)