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Southern Arc Minerals
BY: mountaineer78 - July 12th, 2010 - 6:42 AM
+85 
Taliwang IUP Awarded!
Southern Arc receives mining licence for Taliwang2010-07-12 09:26 ET - News Release Mr. John Proust reports SOUTHERN ARC ANNOUNCES ISSUING OF IUP LICENSE FOR ITS TALIWANG PROPERTY Southern Arc Minerals Inc. ("Southern Arc" or the "Company") (TSX VENTURE: SA) is pleased to announce that it has been granted a Mining Business License ("IUP") for its Taliwang property, located on the west coast of Sumbawa Island within the Province of West Nusa Tenggara. Issued by the Regent of West Sumbawa, this IUP is comprised of two stages, with potential extensions. Over a period of 6 years, the exploration stage permits the Company to pursue exploration activities through to the conclusion of a feasibility study. Upon the conclusion of the exploration stage, the IUP automatically converts to a second stage, permitting the Company to conduct commercial production on this property for a minimum of 20 years, with the potential for two further 10 year extension periods. With the issuance of the IUP, Southern Arc holds an 85% equity position in the Taliwang property with the remaining interest held by the West Sumbawa Regency (10%) and by the local company PT. Puri Permata Mega (5%). The West Sumbawa Regency interest is free-carried throughout the life of the project and is non-dilutable. The Company strongly feels that having the local Regency as an equity partner creates a synergistic and mutually beneficial environment for the advancement of this property. The Company's interest in this property is aligned with that of the Regency and vice versa. As the first of its kind in Indonesia (where the local Government is a direct beneficial owner), and several months in the making, this bold new relationship will ensure that the local community will receive benefits directly from Southern Arc's success in Taliwang. Covering 31,204 hectares this property contains epithermal gold-silver-bearing quartz veins, high-level hydrothermal breccias, sedimentary-hosted Au and porphyry Cu-Au targets, all of which have been the subject of Company exploration since 2005. The property is located 15 km north of Newmont's world-class Batu Hijau mine, along proven secondary NNE to NE and NW trending mineralized structures. The Lemonga Prospect is a low-sulfidation epithermal quartz vein system over which surface mapping by SA has confirmed argillic alteration dominant within an hydrothermal upflow area approximately 1 km East-West by 1.5 km North-South. Five auriferous quartz vein targets, named Amy, Betty, Cici, Dessy and Evi, have been identified within the alteration zone. The best exposed vein, the Amy Vein, has a mapped strike extent of at least 950 meters and true widths of 4-15 metres, reflecting the "pinch and swell" vein geometry. Exploration drilling by the Company, consisting of two phases of shallow diamond drilling (56 holes @ 7,154.25 metres), has confirmed both lateral and vertical persistence of the mineralized structures. Combined evidence from drilling, petrological studies, and CSAMT signatures suggest that a substantial portion of the epithermal vein system remains largely untested and that there is a good possibility for gold grades to increase with depth to a point well below the current drilling levels. The J3 Prospect comprises Au-Ag+/- base metal mineralization associated with jasperoid along the contact zone of a flat-lying silicified limestone and altered volcaniclastic sediment unit. Newmont's previous channel sampling from a mineralized 2.7 metres thick limestone bed averaged 6.75 g/t Au and 61 g/t Ag. This anomalous outcrop is situated on the eastern edge of a 1.8 by 1.3 km zone of widespread anomalous Au soil geochemistry. The most significant anomaly within this zone comprises a 700 by 200 metres NW trending zone of greater than 50 ppb Au in soil. This is interpreted as an erosional window through unaltered limestone cover re-exposing the mineralized limestone/volcanic contact. Moderate base metal, As, Sb and Mo soil anomalies as well as IP and resistivity anomalies are associated with elevated gold soil geochemistry throughout the area. Outcrop sampling of jasperoid ledges by the Company returned numerous channel samples in excess of +5.0 g/t Au/+50 g/t Ag to a maximum grade of 216.0 g/t Au/330 g/t Ag over 3.0 metres. Prospecting culminated in a 7 hole scout drilling program (413.6 metres) testing subsurface extensions of the known surface Au-Ag jasperoid mineralization. Hole J3DH-01 reported an intercept of 2.0 metres @ 1.93 g/t Au / 11 g/t Ag, but the bulk of the area and western extensions have yet to be drill tested. Surface prospecting at the Semoan-Raboya areas identified two structurally-controlled, high sulfidation epithermal vein prospects (Raboya and Semoan Prospects), linked to a deeper inferred porphyry Cu-Au mineralized intrusive (Ramit Prospect). NNE trending vughy silica+/- hematite (pyrite) altered zones up to 15 metres wide and 500 metres in length have returned anomalous rock values up to 4.93 g/t Au. These are enveloped by quartz-alunite+/- kaolinite altered volcanics and breccias forming a distinct cap, which merge outwards into argillic and propylitic alteration assemblages. This geological setting is analogous to other structurally-controlled high sulfidation systems such as the Nena (Papua New Guinea) and Lepanto (Philippines) deposits. Upcoming exploration programs will focus primarily on diamond drilling campaigns where justified bringing prospect areas up to resource status. We seek Safe Harbor.
BY: marty47 - July 9th, 2010 - 4:07 PM
+199
Re: Further NEWS
How big is this?!!! Is there nothing holding us back at this point?? I would have expected the market to love this news.. funny a director is putting in a cool million.. haven't seen that before.
BY: mountaineer78 - July 7th, 2010 - 6:32 AM
+85
EVEN Further NEWS
July 7, 2010 Southern Arc Negotiates US$1 Million Loan From Director VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2010) - Southern Arc Minerals Inc. ("Southern Arc" or the "Company") (TSX VENTURE:SA) is very pleased to report that Dr. Michael Andrews, a director of the Company has loaned $1 million (USD) to the Company. Southern Arc will use the proceeds of the loan to fund its Indonesian subsidiaries in connection with the applications for mining business licenses (IUP's) on its West Lombok and Taliwang (Sumbawa Island) properties. The loan is non interest bearing, has a 3 month term, and may be repaid earlier by the Company. In consideration for granting the loan, the Company has assigned its option (the "Option") to acquire 500,000 of the Company's shares which are currently owned by Indotan Inc. The Option may be exercised until August 15, 2010 at a price of $0.50 per common share. The Option is assignable by the Company and was previously announced in a news release dated October 29, 2009.On behalf of the Board of Southern Arc Minerals Inc.
John Proust, President and CEO
Forward Looking Statements: This news release contains forward looking statements relating to expected or anticipated future events and operations, timing of projects and anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the company's capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved during the forecast period will be the same in whole or in part as that forecast.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Southern Arc Minerals Inc. John G. Proust President and CEO (604) 676-5241 Fax: (604) 676-5246 info@southernarcminerals.com www.southernarcminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
BY: mountaineer78 - July 6th, 2010 - 5:41 AM
+85
Further NEWS
July 6, 2010 Southern Arc Minerals Inc.: NTB Land Utilization Regulation-"The Perda"-Enacted Into Law VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2010) - Southern Arc Minerals Inc. ("Southern Arc" or the "Company") (TSX VENTURE:SA) is very pleased to report the enactment of a new provincial land utilization regulation (Perda No. 3/2010) for West Nusa Tenggara (NTB). Approved in sequence by the National Spatial Planning Body (NSPB), the Minister of Public Works, the provincial legislature, the Minister of Home Affairs, and enacted into law by the provincial Governor, this new regulation has cleared the path for the Company to be issued a Mining Business License (IUP) for its West Lombok property. Endorsed by the Provincial Governor on March 18 and effective March 20, 2010, the Perda was proclaimed in a signing ceremony held in Mataram, the provincial capital, on July 1, 2010.By the enactment of this Perda, all prior restrictions to mining activities on the West Lombok property have been removed. With the new land utilization regulation in effect, the West Lombok regency is free to respond to the Company's application for a Mining Business License (IUP) related to the West Lombok Property. Since mid-December 2009, Southern Arc has been awarded four IUPs.
In November 2008, the Company relinquished 48,878 Ha from a total of 67,343 Ha on Lombok Island. The relinquished areas are in Central and East Lombok. This relinquishment does not negatively impact on the prospects for economic large-scale mining on key prospects held by the Company.
The West Lombok Property comprises a 13 km long, northwest trending structural corridor of mineralization and alteration, along which lie the Pelangan Epithermal Gold, Mencanggah Epithermal/Porphyry District, and Selodong Porphyry prospects. Covering 18,465 hectares (45,628 acres), these prospects have been targeted for porphyry intrusions and related mineral systems, including porphyry copper-gold, high sulfidation gold-copper and mesothermal to epithermal precious-base metal deposits.
Selodong
An exceptional gold-rich copper prospect, the Selodong Intrusive Complex (SIC) hosts 15 porphyry copper-gold targets with associated peripheral epithermal gold-silver mineralization. Newmont drill-tested six of the targets with shallow drill holes; nine more targets were subsequently identified by Southern Arc. The Company has tested seven of the fifteen targets with a 30-hole Phase 1 deeper drilling program in 2007-08. Independent 3-D geophysical modeling has confirmed the potential for significant depth and size of all 15 targets. Further information is available on the Company website. See the link, below.
Pelangan
Located at the northwest end of the West Lombok property, the Pelangan Gold Prospect includes at least five large and complex quartz vein systems: the Kayu Putih, Raja, Ratu, Tanjung-Jati and Lala veins. Phase 2 drilling at Pelangan was suspended while waiting for the new spatial plan to be approved.
Mencanggah
The Mencanggah Epithermal/Porphyry District lies in the centre of the 13-km long structural corridor. Surface prospecting and mapping have defined the extent of epithermal quartz veining over a broad area (approximately 5 km x 5 km), along with the presence of potential copper-gold porphyry style mineralization at Lapangan Geres. Five major vein targets, including Tebu Serai, Bising, Telekur, Talat Talat and Mahoni-Gunayang have been sampled and mapped as part of a data-acquisition program leading to the scout drilling program planned for 2010
Together, the Pelangan and Mencanggah prospects host a combined proven strike length of over 20 kilometers of mineralized epithermal breccias, with individual bodies ranging in thickness from 2 - 30 metres, strike length of 1,000 metres, and a vertical extent of greater than 300 metres.
2010 Field Work Plans
Field work at Pelangan is anticipated to include approximately 3,000 metres of Phase 2 diamond drilling. At Mencanggah, plans include more than 2500 metres of Phase 1 drilling. At Selodong, the Company plans to conduct IP/EM surveys and spectral analysis studies. The 2010 field work program is scheduled to begin upon the issuance of the West Lombok IUP.
Efforts to advance these three key prospects are of the highest priority for Southern Arc. The Company has been waiting more than three years for the Perda revision to take effect. The approval of the new land utilization regulation for NTB, therefore, represents the achievement of a significant milestone for the Company. We look forward to reporting more on related developments in the months ahead.
For a detailed description of the West Lombok property, see the link at: http://www.southernarcminerals.com/projects/lombok/west_lombok/
For a map of the Company's West Lombok prospects, see the link at: http://www.southernarcminerals.com/projects/lombok/west_lombok/maps/index.php?mode=image&imageurl=/_resources/maps/west_lombok/100203-WL-ProspectsAnomalies.jpg
For Selodong drilling results, see the link at: http://www.southernarcminerals.com/_resources/Selodong-Drill_Hole_Stats.pdf
For the Corporate Presentation, see the link at: http://www.southernarcminerals.com/investors/presentations/
On behalf of the Board of Southern Arc Minerals Inc.
John Proust, President and CEO
Forward Looking Statements: This news release contains forward looking statements relating to expected or anticipated future events and operations, timing of projects and anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the company's capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved during the forecast period will be the same in whole or in part as that forecast.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Southern Arc Minerals Inc. John G. Proust President and CEO (604) 676-5241 Fax: (604) 676-5246 www.southernarcminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
BY: mountaineer78 - July 2nd, 2010 - 5:42 AM
+85
NEWS
July 2, 2010 Southern Arc Minerals Inc.: NTB Land Utilization Regulation-"The Perda"-Enacted Into Law VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2010) - Southern Arc Minerals Inc. ("Southern Arc" or the "Company") (TSX VENTURE:SA) is very pleased to report the enactment of a new provincial land utilization regulation (Perda No. 3/2010) for West Nusa Tenggara (NTB). The Perda was approved in sequence by the National Spatial Planning Body (NSPB), the Minister of Public Works, the provincial legislature, the Minister of Home Affairs, and enacted into law by the provincial Governor. The Company is currently preparing a translation of the relevant sections of the Perda and reviewing the document with its professional advisors. Upon completion of this review, the Company will prepare a news release setting out the details of the revised Perda.On behalf of the Board of Southern Arc Minerals Inc.
John Proust, President and CEO
Forward Looking Statements: This news release contains forward looking statements relating to expected or anticipated future events and operations, timing of projects and anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the company's capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved during the forecast period will be the same in whole or in part as that forecast.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Southern Arc Minerals Inc. John G. Proust President and CEO (604) 676-5241 Fax: (604) 676-5246 www.southernarcminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
BY: marty47 - June 24th, 2010 - 12:00 PM
+199
Re: Southern Arc Minerals
Not holding my breath but very excited for the next news release!!!
Hopefully next week
BY: marty47 - June 21st, 2010 - 4:24 PM
+199
Re: Southern Arc Minerals
We are almost 30 days from your comments vwig. I hope the time is coming soon. I have my seatbelt fasted.. It seems others around the boards think a deal or something very positive is about to go down.
BY: Snowbird - June 18th, 2010 - 10:15 AM
+275
Re: Southern Arc Minerals
Patience is rewarded in mining stocks. I don't think I've seen a more loyal group of shareholders for a junior miner than with SA. 2010 could be the year everyone has waited so long for.
BY: buyb4its2l8 - June 17th, 2010 - 7:31 PM
+3
Re: Southern Arc Minerals
I believe that we will see a huge increase in the share price within 1-2 months. I say that because we are very close to getting a formal announcement. Also SA has had great meetings and discussions with suitors. My guess is that once we have the green light many things will happen. I look forward to SA giving back to it's investors. We are good to go. Fasten your seat belts gentlemen. Do not miss the boat. And hello to all. Cheers.
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