Friday, 8 June 2012

Southern Arc appoints Hamish Campbell as director, promotes Andrew Rowe to EVP

Indonesia-focused explorer Southern Arc Minerals (CVE:SA) announced Friday the appointment of Hamish J Campbell to the company's board of directors, and the promotion of Andrew J Rowe to executive vice president.
Campbell has fronted Southern Arc's exploration programs in Indonesia since the company’s inception, in the roles of vice president of exploration and executive vice president.
He has over 27 years of international mineral exploration experience with 24 years of that experience in Indonesia.
Campbell has held various senior exploration positions, with practice establishing and managing local and foreign-owned mining service companies.
He has designed and implemented exploration programs and directed detailed evaluations and assessments of joint venture and acquisition opportunities.
In his role as a director, Campbell will continue to oversee Southern Arc's development strategy and business interests as the company's senior in-country representative.
"Hamish will further strengthen Southern Arc's Board of Directors with his insight into the Indonesian mining industry," said Southern’s chairman and CEO, John Proust.
"With his extensive exploration, geological and business experience, Hamish was instrumental in establishing Southern Arc's Indonesian projects and exploration strategy.
"We look forward to his continued participation in the role of Director."
The company’s former chief geologist, Andrew Rowe, has also been promoted to executive vice president with the responsibility of planning and managing Southern Arc's daily operations and exploration programs in Indonesia.
He is a geologist with 20 years of experience in mineral exploration and project management in Australia and various countries in Southeast Asia such as Thailand, Indonesia, Mongolia, China and Laos.
He has held exploration positions with many companies including Renison Goldfields, Queensland Mines, Normandy Anglo Asia, Phelps Dodge, Aurora Gold and Ivanhoe Mines (NYSE:IVN).
Prior to joining Southern in May 2006, Andrew was the principal geologist for Pan Australian Resources and was a member of the management team responsible for successfully bringing the Phu Kham Cu-Au porphyry deposit through to bankable feasibility.
"In his capacity as Chief Geologist for Southern Arc, Andrew has demonstrated his ability to plan and implement large-scale exploration programs, managing both the technical and personnel aspects of day-to-day operations," said Proust.
"In his expanded role as Executive Vice President, Andrew will plan and oversee Southern Arc's exploration programs and evaluate strategic opportunities for Southern Arc in Indonesia."
Southern Arc is a Canadian mineral exploration company, whose portfolio includes four epithermal gold and copper-gold porphyry exploration projects on the Lombok and Sumbawa islands in Indonesia, three of which are being advanced in partnership with major mining companies Vale and Newcrest.
Southern’s key exploration property is its West Lombok project, with several gold-rich copper porphyry and epithermal gold vein prospects.
At the end of last month, the company released its financial results for its third quarter, along with an update of its exploration activities at its portfolio of projects.
Southern Arc finished the quarter with assets totalling $62.87 million.
The company has recently completed a number of significant milestones, including increasing its ownership to 90 per cent in its West Lombok and Taliwang projects in Indonesia through the acquisition of additional shares in its subsidiary PT Indotan Lombok Barat Bangkit, from its Indonesian partner, PT Permata Puri Mega (PT PPM).
Two of the prospects on the West Lombok property host a combined proven strike length of more than 26 kilometres of mineralized epithermal breccias, with individual bodies ranging in thickness from 2 to 66 metres, with a strike length of up to 1,000 metres and a vertical extent of greater than 300 metres.
So far this year, Southern Arc completed 14 holes on areas in the northwest section of the property, focused on epithermal gold mineralization, and two holes in the southeast section of the property, focused on porphyry copper-gold mineralization.
During the quarter, the company also completed the drilling of a third hole at its Sabalong project in the Sumbawa Island in Sumbawa Regency, Indonesia, targeting copper-gold porphyry mineralization, with results pending.
The Sabalong property is being advanced in partnership with Vale, with Southern Arc as the operator of the property. Southern Arc said results will be released when phase 1 exploration is deemed complete, at which point Vale has the option to carry on to phase 2 and complete US$2 million of funding within two years.

No comments:

Post a Comment