Arc Minerals Limited (AIM:ARCM) executive chairman Nick von Schirnding takes Proactive's Stephen Gunnion through the first assay results from its joint venture with Anglo American in Zambia. Speaking from the Mining Indaba conference in Cape Town, von Schirnding outlined the significance of the findings, which confirm additional near-surface copper mineralisation.
He highlighted that assays from the Domes region revealed 0.6% copper over a 40-meter thickness, with high-grade intersects reaching 1.7% copper over eight meters. “Anything above or at 0.5% copper is considered economic,” von Schirnding stated, emphasising the project's strong potential. The discovery of sulfides below the oxide zone adds further excitement, as it could indicate a major copper deposit.
Von Schirnding also discussed the joint venture with Anglo American, calling it one of the best deals for a junior exploration company in decades. Anglo has committed nearly $90 million, with $14.5 million allocated directly to Arc Minerals. With a strong financial position and extensive exploration territory, Arc Minerals expects an active year ahead.
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