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Arc Minerals notches up another good drill result in Zambia

The fourth hole in the programme intersected 18m of copper at an average grade of 2.35%

copper
One 7.60m section saw grades of 4.15%. copper

Another hole at Arc Minerals Limited’s (LON:ARC) drilling programme at Cheyeza in Zambia has shown good indications of copper.

The fourth hole in the programme intersected 18m of copper at an average grade of 2.35% with one 7.60m section grades of 4.15%. 

Nick von Schirnding, executive chairman, said it was another fantastic result and underscores what an exciting asset Cheyeza East is turning into. 

"We believe that the upside potential is significant, and the shallow nature of these high-grade results is supportive of the economics going forward." 

Cheyeza was one of several areas identified by geophysics and geochemistry work programmes completed last year at the Zamsort licence.

Drilling continues at this anomaly to test its full extent, both along strike and down dip.

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Price: 4.19 GBX

AIM:ARCM
Market: AIM
Market Cap: £40.51 m
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