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Pekalongan Project
The Pekalongan KP is located near to Semarang and covers an area of 5,618ha. The Pekalongan KP area is prospective for low sulphidation epithermal gold/silver deposits similar to the Company’s developing gold project at Cibaliung in Banten Province, Java. Pekalongan is one of several areas that Arc Exploration’s geologists have targeted for this style of mineralization with which Arc Exploration has significant knowledge and expertise. Exploration at Pekalongan is underway and it is expected that targets could start to be drill tested in the second half on this year.
Arc Exploration holds 95% of the Pekalongan Project in joint venture with PT Sumber Mineral Nusantara and forms part of Arc Exploration’s strategy to develop into a significant mining house focused on Indonesia where it has strong relationships and expertise.
Preliminary exploration consisting of stream sediment sampling and mapping has identified several prospects.
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