Did you guys read the latest announcement from ARX ....... Wooooo hoooooo ..... This is definately one gold stock going somewhere ...
Part of the announcement :
The Company commenced work on this 17,586 hectare greenfields exploration tenement in
the middle of 2006 and has since undertaken prospecting and mapping, mainly over the
northern half of the tenement. The project area lies on the Sunda-Banda magmatic arc, which
is characterised by high-grade epithermal gold vein deposits at Lebong Tandai (43 t gold at 15
g/t Au) and Lebong Donok (41 t gold at 14 g/t Au) in southern Sumatra, and Gunung Pongkor
(103 t gold at 17 g/t Au) and Cibaliung (15 t gold at 10 g/t Au) in western Java.
The presence of high-grade epithermal vein float found in the northern half of the Trenggalek
project area has been reported previously in an ARX update released in May 2007, and in the
June 2007 and September 2007 quarterlies.
Further prospecting and mapping continued to define moderately high-grade epithermal vein
float and mineralised breccia outcrops in new prospect areas. Some of the latest results are
summarised in the figure and table below. Five samples of 10 cm to 1.5 m diameter, banded
quartz-chalcedony-sulphide float cobbles found on low ridges at the Salak Prospect returned
gold results ranging from 6.17 to 14.6 g/t Au.
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Did you guys read the latest announcement from ARX ..........
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