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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based company. The Company is primarily engaged in the project generation and investments in mineral resource companies with a focus on gold and copper-gold. The Company operates through the acquisition and exploration of resource properties and investments segment. The Company has not generated any revenue.


TSXV:SA.H - Post by User

Bullboard Posts
Post by DOit62on Sep 02, 2011 4:27am
427 Views
Post# 19005733

Drilling should start on Monday/Tuesday next week

Drilling should start on Monday/Tuesday next week

Indonesia has been basically shutdown this week for lebaran (Eid ul Fitr/Eid ul Adha). The celebration following the end of Ramadan is celebrated with friends and family and everyone visits (or tries to visit) his hometown.

I would therefore expect drilling to get started next week, with hopefully some of the pending assay reults and news on the JV projects. Intertek, the lab in Jakarta testing all of SA's assays has been open all week (the lab is next to the office i work in), so i dont expect the holiday to have delayed the results. The share price seems to be suffering from the lack of progress on the JV properties, uncertainty over the possibility of future drilling disruptions on Lombok and the general market conditions. I feel that the month of September will be crucial to the momentum of the share price. SA need to start delivering. Here's hoping.

Eric

Bullboard Posts