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Arc Exploration Ltd.
Summary
| Project: | Trenggalek | |
|---|---|---|
| Deposit: | Jerambah | |
| Location: | Indonesia | |
| Commodities: | Gold | |
| Date: | 1/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2018: Arc Exploration Ltd. announces an Exploration/Drilling Update report for its Jerambah deposit at the Trenggalek project. Drilling results incl. 32m @ 296ppm Cu from 55m. Arc Exploration Limited (ASX Code: ARX) announces this update exploration | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeffrey Malaihollo (Internal) | |
| ABSTRACT: | Arc Exploration Limited (ASX Code: ARX) announces this update exploration activities on the Trenggalek Project located in East Java, Indonesia. The Trenggalek Exploration IUP tenement is held by ARX’s Indonesian partner, PT Sumber Mineral Nusantara (“SMN”). The tenement, covering an area of 29,969 ha or about 300 km2 , is valid until November 2018. The Company is in the process of renewing a forestry permit affecting 3,393 ha within the tenement area. PT Danusa Tambang Nusantara (Danusa), a subsidiary of one of the largest contract miners in Indonesia, is currently managing and funding exploration work at Trenggalek. The Trenggalek Project lies in the prospective Southern Mountains Province of East Java, which contains the large Tumpangpitu porphyry copper-gold deposit in the Tujuh Bukit district. Exploration work has been concentrated at the Jerambah Prospect where the only one hole drilled previously (Figure 1) intersected extensive hydrothermal alteration and disseminated pyrite with traces of base metal mineralisation in a prospective rock package (see ARX announcement First Hole Completed On Porphyry Target At Trenggalek, Indonesia dated 12 December 2013). Subsequent petrological studies on selected core samples confirmed the presence of porphyry-associated alteration mineral assemblages, fragments of porphyry-style quartz veins, anhydrite veining, traces of disseminated chalcopyrite and molybdenite mineralisation and narrow structurally controlled zones of high-sulphidation epithermal mineralisation overprints | |
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