Drilling rigs have been moved to other areas of Southern Arc Minerals’ Selodong Prospect following disappointing results from the latest drilling at the Blongas I and Kekalik porphyry copper-gold targets.

All drill holes encountered porphyry copper-gold style mineralization and associated hydrothermal alteration, but grades were severely downgraded because of late-stage phyllic overprinting and/or dilution relating to mineralized components being part of an extensive diatreme breccia unit.

Drill hole SLD008 at Blongas I was collared 324 metres north of SLD007, in order to test one of several northern extensions of an inferred 2km long, 250 to 300m wide, open-ended structurally controlled corridor of porphyry style alteration and mineralization.

Drill holes SLD009 and SLD010 were collared in the Kekalik target area to test coincident outcropping diorite intrusive with variable porphyry-style quartz stockwork veining, gold-copper-molybdenum soil anomalism and strong magnetic signatures.

At Blongas I hole SLD008, drilled to a depth of 521.1m, reported insignificant copper-gold values.

Drill hole SLD009 at Kekalik reported only a low grade gold intercept of 70.8m at 0.18 grams/tonne gold from 95.7 to 166.5 m. SLD010 intersected intercepts of 32m at 0.16 grams/tonne gold from 63.8 to 95.8m and 22m at 0.20 grams/tonne gold from 160.5 to 182.5m.

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