Southern Arc drilling delivers unsatisfactory results
Tuesday, October 30 2012 - 12:57 AM WIB
Canadian based firm Southern Arc Minerals Inc recently reported the results of drilling activities at its Sabalong property based on historical surface and subsurface work at the Sabalong property by previous owners, namely Newmont (1986?92), Rio Tinto Zinc (1993?98)
Southern Arc, acquired the property since 2007, decided to drill test a number of mineralized zones delineated within the upper parts of the Toyang epithermal gold vein system. Six holes totaling 1,035.6 metres were drilled with the objective of reconfirming historical Rio Tinto drill intercepts, checking lateral extensions of these intercepts and testing subsurface potential of other mineralized surface quartz veining and breccia-like pipe bodies.
"While a number of the holes revealed mineralized intervals similar in scale and tenor to historical Rio Tinto results, Southern Arc?s drilling failed to demonstrate any increase in grade or width with depth, and did not establish lateral extension of the mineralization. The company has not planned any follow-up drilling at this time, and is considering future options for the Sabalong property," the company said.
Editing by Er Audy Zandri