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.
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.
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