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Arc Minerals hits more high grade copper mineralisation in Zambia

Arc Minerals has been steadily building up its knowledge base on its Zambian prospects

Arc Minerals Limited -
Copper is the bellwether metal for the global economy

Arc Minerals Ltd (LON:ARCM), the Zambian-focussed copper exploration and development company, has received additional near surface, high grade copper assays from its maiden diamond drill exploration programme at the Cheyeza East target in Zambia.

Among the highlights were 1.44% copper over 20 metres from a depth of 34.5 metres and 1.2% copper 14 metres from a depth of 38 metres.

"I am pleased to report further positive drilling results from Cheyeza East,” said Nick von Schirnding, executive chairman of Arc.

“It is becoming clear that we are sitting on a potentially significant economic prospect - and one that seems to be expanding.  A number of holes such as 27, 28 and 45 are to the northwest and southwest of the high grade zone already identified and bodes well for delineating a significant resource.  We have commenced a study to supply the Kalaba plant with material from Cheyeza East which is very exciting. To date over 75% of holes drilled at Cheyeza have shown mineralisation.”

Drilling remains ongoing at other targets.  

Quick facts: Arc Minerals Limited

Price: 4.2 GBX

AIM:ARCM
Market: AIM
Market Cap: £40.61 m
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