Trenggalek Project
Arc Exploration has a 95% interest in the Trenggalek Gold Project through a joint venture with PT Sumber Nusantara Mineral (5%). Early in 2006 a Kuasa Pertambangan - Exploration (KP), covering 17,384 hectares and located in the Regency of Trenggalek, East Java Province was granted to PT Sumber Mineral Nusantara Mineral. The KP area is located southwest of Surabaya, the capital of East Java province. This KP area is considered to be prospective for low-sulfidation epithermal gold deposits similar to Cibaliung and Pongkor types, which is the exploration target of Austindo.
Earlier in 2005 preliminary exploration work was carried out by Arc Exploration under a permit SKIPs (Reconnaissance Permit Letters) that was provided by the Regency of Trenggalek. This exploration consisted of reconnaissance, stream sediment prospecting, and regional geological mapping. A total of 290 stream sediment samples (-80#, with average sampling density of 1 sample per km2) were collected. 107 rock samples were also taken during the regional mapping.
On the basis of the regional reconnaissance, 17 areas have been considered to be prospective in which 3 of them Dalang Turu, Sentul, and Paces have been followed up with initial reconnaissance, mapping and sampling.
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