Arc Exploration shares rise on Trenggalek gold project drill results

Arc Exploration (ASX: ARX) has announced further results from its scout drilling programme at Trenggalek in East Java.

On 12 and 29 March 2010, ARX announced encouraging gold results from its first five holes TRDD 1- 5 drilled at Trenggalek.

Since that time, results have been received for the latest 3 holes (TRDD 6, 7 and 8) completed along the southern portion of the West Sentul Vein.

Holes TRDD 6 and 7 were drilled on a section 100 metres to the northeast of the section containing holes TRDD 2, 4 and 5, and hole TRDD 8 was drilled 200 metres to the northeast.

TRDD 6 returned two separate intersections of 2.6 m at 4.3 g/t Au & 7 g/t Ag and 1.95 m at 5.32 g/t Au & 7 g/t Ag within an 11.95 m intersection of 2.12 g/t Au & 5 g/t Ag from 37.45 m down-hole.

TRDD 7 returned two separate intersections of 6 m at 1.19 g/t Au & 7 g/t Ag and 6.9 m at 1.63 g/t Au & 9 g/t Ag within a 34.5 m intersection of 0.69 g/t Au & 4 g/t Ag from 75.5 m down-hole.

TRDD 8 returned a narrow intersection of 4 m at 1.29 g/t Au & 4 g/t Ag from 99.1 m down-hole.

The true width of the vein on section TRDD 6/7 is about 7-8 metres, slightly wider than on the section 100 m to the southwest. To the northeast, the vein splits into several narrow veins in hole TRDD 8.

The lower gold grades in holes TRDD 6, 7 and 8 are explained by lower sulphide content and a greater volume of barren carbonate within the vein. These holes differ from the previous holes by the presence of limestone and lack of an andesite intrusion.

These holes confirm extensions of the strike of the mineralised vein system for 200 metres to the northwest but at present, potential for high-grade ore shoots appears to be greater at the southern end of West Sentul where surface vein outcrops and drill intersections have returned the widest and highest grade gold intersections to date.

To the southwest, strike and down plunge extent of the mineralised vein remains open.

Drilling continues to test the vein targets at Sentul and a second rig is being mobilised to accelerate progress and commence testing of other prospects within Trenggalek so that they can be ranked for follow-up drilling.

Total reported meterage to-date is 924 metres, or just over 18% of the 5,000 metre programme to be conducted this year.

Arc Exploration shares rose 12% to 4 cents in trading this morning.

http://www.proactiveinvestors.com.au/companies/news/6511/arc-exploration-shares-rise-on-trenggalek-gold-project-drill-results-6511.html