Southern Arc Engages SRK Consulting to Complete Technical Report for West Lombok Project
14.12.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Dec. 14, 2011) - Southern Arc Minerals (TSX VENTURE: SA) (OTCQX: SOACF) ("Southern Arc" or "the Company") has engaged SRK Consulting (Canada) Inc. ("SRK") to complete a National Instrument 43-101 ("NI 43-101") compliant technical report for the Company's West Lombok project.SRK has completed a site visit to the West Lombok project to provide an independent review of the Company's sampling and logging procedures for the ongoing drilling program. Southern Arc will continue to provide SRK with information as the exploration program proceeds so that SRK can complete an independent NI 43-101 compliant technical report for the West Lombok project by the end of Q2-2012, including resource estimates for both the Mencanggah and Pelangan prospects.
Through its Perth office, SRK completed a similar technical audit of Southern Arc's sampling and logging procedure and methodology in June 2008 and found the Company's practices to be of industry standard and well implemented.
SRK is an international consulting house specializing in all aspects of the mining industry from grassroots exploration, through preliminary and final feasibility studies, to mine optimization, closure and remediation. Established in 1974, SRK's clients include most of the world's major, intermediate and junior mining and exploration companies.
About Southern Arc
Southern Arc Minerals Inc. is a Canadian mineral exploration company with an aggressive exploration, acquisition and growth strategy. The Company's portfolio includes four exploration projects with epithermal gold and gold-copper porphyry prospects on the Lombok and Sumbawa islands in Indonesia, three of which are being advanced in partnership with major mining companies Vale and Newcrest. The Company's key exploration property is its West Lombok project, with several gold-rich copper porphyry and epithermal gold vein prospects. Southern Arc is listed on the TSX Venture Exchange under the symbol SA and on the OTCQX under the symbol SOACF. More information is available at www.southernarcminerals.com or by emailing info@southernarcminerals.com.
On behalf of the Board of Southern Arc Minerals Inc.
John Proust
Chairman & Chief Executive Officer
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.
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.
Rhylin Bailie
Vice President, Communications & Investor Relations
604-676-5241
604-676-5246 (FAX)
info@southernarcminerals.com
www.southernarcminerals.com