SYDNEY (Yosefardi) – ASX-listed Arc Exploration has completed three scout drilling holes for total of 745.9 m at Singgahan Prospect, Indonesia, with assay results from the first and second holes received.
Drilling continues with hole TRD058 in progress. A gold intercept of 17.5 at 0.65 g/t Au from 27.5 m down-hole in TRD055 highlights potential for shallow replacement-style gold mineralisation in calcareous rocks.
Singgahan is one of several new targets identified on the exploration tenement, supported by its partner, Anglo American. Singgahan is located at Trenggalek, East Java.
Arc Exploration also has other project in Indonesia, a strategic alliance with Anglo American in Papua.