viewArc Minerals Limited

Arc Minerals reports highly encouraging drill results from the Cheyeza East copper prospect

Arc is beginning to build strength in depth in regard to its portfolio of Zambian assets

Arc's key target in Zambia is copper

Recent drilling undertaken by Arc Minerals Ltd (LON:ARCM) at the Cheyeza East prospect has intersected 25 metres grading 1.05% copper, including 1.7% copper over 9.3 metres.

An additional hole drilled 200 metres to the south also shows significant mineralisation.

READ: Arc Minerals continues to make progress with key projects

The Cheyeza target area was one of several areas identified as worthy of further investigation by geophysics and geochemistry work programs completed last year.

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

"These maiden drill results have exceeded all our expectations both in terms of grade and thickness,” said Arc’s executive chairman Nick von Schirnding. 

“While we are still at an early stage in the drilling programme, these results are highly encouraging and we have now deployed two rigs to Cheyeza East.  Importantly our third hole 200 meters south also shows significant mineralization."

In afternoon trading, shares in Arc Minerals were 8.9% higher at 3.38p.

 -- Adds share price --



Quick facts: Arc Minerals Limited

Price: 2.65 GBX

Market: AIM
Market Cap: £19.56 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...



Investor Update: Oracle Power's Pakistan block recognised as potential...

Headlines from the Proactive UK newsroom. Oracle Power PLC’s (LON:ORCP) resource on Block VI at Thar in Pakistan has been officially recognised as a potential coal gasification into fertiliser project. Pakistan is estimated to face a sizeable fertiliser shortage by 2026. Arc Minerals Ltd...

on 19/11/19

2 min read