SYDNEY (Yosefardi) – Arc Exploration Limited currently engages on 3-Dimensional (3D) exploration targeting analysis of Murphys gold prospect on the Oberon project, which was done by Perth-based geological consultants, Orefind Pty Ltd.
An inferred resources of about 150,000 ounces gold has been estimated at prospect. This is based on the drilling that produced broad low-grade gold intercepts including 49m at 0.75 g/t gold, 23m at 1.05 g/t gold and 34m at 0.62 g/t gold.
The project shows potential to increase in size through the discovery of new gold and gold-copper resources, and occurs near major mine operations and development infrastructure.