Bima Project, East Sumbawa (ARX – 95%)
The Company operates a joint-venture with P.T. Sumber Mineral Nusantara ("SMN") which holds a General Survey KP license covering an area of 24,980 ha in East Sumbawa, West Nusa Tenggara Province.
Sumbawa comprises a segment of the Sunda-Banda magmatic arc, host to the giant Batu Hijau porphyry copper-gold deposit and several major copper-gold prospects on the western side of the island. This highly prospective terrane extends into East Sumbawa which is underlain by a sequence of Early Miocene to Pliocene, intermediate-felsic volcanic and volcaniclastic rocks, fossiliferous limestone, and high-level intrusions.
Despite the area having been previously held by several large foreign companies under the Contract of Work system, our initial prospecting has identified a previously unknown, large zone (2 km x 1.5 km) of alteration and veining in a window of older volcanic within younger cover rocks. Initial rock chip sampling has produced up to 0.56 ppm Au, 96 ppm Ag, 0.9% Pb, 0.5% Zn and 5.9% Ba in selective grab samples taken within the new prospect area known as Kowo. Early results highlight that the area is underexplored and holds potential for new discoveries in a proven copper-gold producing region.
Further regional mapping, drainage sampling and a more detailed surface evaluation of the Kowo Prospect are planned over the next twelve-months with the aim of advancing the project to the scout diamond drilling stage.
Bima Project - Photo Gallery
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