Arc Minerals Limited

ARC Minerals makes ‘very satisfactory’ start to Cheyeza East drilling

"This has been a very satisfactory start to our drilling campaign in Zambia," said Nick von Schirnding.

Drilling at the Cheyeza project in Zambia
Drilling continues in Zambia

ARC Minerals Ltd (LON:ARCM) has updated investors on its maiden drill programme at the Cheyeza East project in Zambia.

The explorer noted that the first two holes have now been completed and visible mineralisation was intersected in both holes.

READ: Arc chairman hails ‘company maker’ potential of Zambia targets

Significant mineralisation was observed in one hole, starting around 2 metres below surface.

"This has been a very satisfactory start to our drilling campaign in Zambia and I am pleased to see that the anomaly identified by the detailed geophysics and geochemistry completed last year has produced results,” said Nick von Schirnding, executive chairman.

“The drill cores have now been sent for assay and we expect results imminently. 

“Additionally, we have identified another significant anomaly in the west of our licence areas and a further update will follow."

Quick facts: Arc Minerals Limited

Price: £0.04

Market: AIM
Market Cap: £30.93 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arc Minerals Limited named herein, including the promotion by the Company of Arc Minerals Limited in any Content on the Site, the Company...



Glencore mine shutdown could prompt a near-term price hike in Cobalt

Mining Capital's Alastair Ford says the closure of Glencore’s Mutanda mine in the DRC comes in response to the collapse in the cobalt price over the last year or so. ''The price went very high in 2017 and then came back down and now it's at the $15/lb level which is where it started its rise...

3 days, 8 hours ago

2 min read