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Arc Minerals extends mineralised footprint at Cheyeza East target in Zambia

Arc Minerals has been steadily building up its Zambia portfolio

Arc Minerals Limited - Arc Minerals extends mineralised footprint at Cheyeza East target in Zambia
Arc Minerals is sitting on significant copper mineralisation at its projects in Zambia

Arc Minerals Ltd (LON:ARCM) has released further drill results from its maiden exploration drill programme at the Cheyeza East target area in Zambia.

The company also provided an update on additional exploration activities at the high-priority West Lunga and Lumbeta targets.

At Cheyeza East the width of the mineralised zone has been extended to over 300 metres and remains open ended.

The strike length in the north has also been extended to at least 650 metres, and also remains open ended.

Among the highlights of the drilling was 19.70 metres at 0.59% copper from 15.3 metres depth and 11 metres at 0.75% copper from 69.4 metres.

The drilling programme continues.

Meanwhile, Arc Minerals has also completed infill soil sampling at the Lumbeta target area, further refining the 11 kilometre long anomalous feature into three distinct target areas, the longest being four kilometres long.

And at the West Lunga target area access and initial drill pad preparation is underway and the definition of drill targets and drilling plans are well advanced.

"Drill holes six and seven, which were drilled either side of drill holes four and five, have demonstrated that the width of the mineralised zone along this drill profile is now in excess of 300 metres and still open ended,” said Nick von Schirnding, executive chairman of Arc.

“As the team on the ground continues to probe the Cheyeza East target area with coarse spaced drill holes to test the extent of the mineralised area, I am encouraged to see that the mineralisation encountered to date is still relatively shallow at generally less than 100 metres below surface.”

 

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Price: 2.8 GBX

AIM:ARCM
Market: AIM
Market Cap: £20.07 m
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