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Arc Minerals reports visible copper and cobalt indications at Kabala in Zambia

Arc is drilling to produce both ores for a pilot plant and a maiden resource estimate for the deposit

drill core
Visible copper in assays says Arc

Arc Minerals Limited (LON:ARCM) has noted visible signs of copper and cobalt from early-stage drilling at Kabala in Zambia.

Kalaba is part of the company’s Zamsort project. Arc is drilling to produce both ores for a pilot plant and a maiden resource estimate for the deposit. Five holes have been drilled so far using two diamond drill rigs. A third rig is expected to start drilling within the next two weeks.

Nick von Schirnding, Arc’s executive chairman, said the programme was going well, albeit at an early stage, while it is also trialling ground penetrating radar as a potential way to hone drill targets in future.

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Price: 3.75 GBX

Market: AIM
Market Cap: £36.7 m

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