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post #181 of 183

Seems nobody posted this...

 

Southern Arc Resumes Drill Program at West Lombok Project 8:32AM ET on Tuesday Oct 11, 2011 by Marketwire

 

Southern Arc Minerals (TSX VENTURE: SA) ("Southern Arc" or "the Company") is pleased to announce the recommencement of drilling at its West Lombok exploration project. Five drill rigs have been moved onto the Waterfall target at the Mencanggah prospect and two more drill rigs are due on site shortly. Southern Arc expects to have seven rigs drilling at Mencanggah by the end of October, with additional rigs coming in November.

 

Dr. Mike Andrews, Southern Arc's President and Chief Operating Officer, commented: "Rock channel samples at Mencanggah have returned some fantastic results and the first two holes drilled in August showed encouraging intercepts and confirmed gold mineralization at depth. We have worked with the support of all levels of Indonesian authorities to implement our new security plan, and look forward to reporting drill results from Mencanggah as the exploration program unfolds."

 

Surface mapping and rock channel samples have identified 16 kilometres cumulative strike length of gold-bearing epithermal breccias at the Mencanggah prospect, with indications of near-surface and buried porphyry copper-gold mineralization. Southern Arc plans to test the epithermal breccias by drilling approximately 30 holes to an average depth of 300 metres. Follow-up drilling with the objective of completing a National Instrument 43-101 compliant resource estimate for Mencanggah will continue through the first half of 2012.

 

On behalf of the Board of Southern Arc Minerals Inc.

 

John Proust, President & CEO, Director

post #182 of 183

It's no surprise no one post here anymore. You guys probably dumped all SA stocks while trying to get people buy them. It's at 0.55 now! New 52 week low!!!

post #183 of 183

Time to eat crow. I said this stock would hit $3 by year end, but it went in the other direction. Accepting mistakes is part of progressing.

 

Glad I sold near $1.00.

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