Arc Minerals upbeat on latest drill results from Cheyeza target
By Josh White
Date: Wednesday 17 Jul 2019
(Sharecast News) - Arc Minerals announced a further set of drill results from its maiden drill programme at the Cheyeza target area in Zambia on Wednesday, reporting that CHDDE005, or 'hole 5', intersected 28.50 metres at 1.32% copper from 18.6 metres.
The AIM-traded firm said that included 13 metres at 2.31% copper, from 26.2 metres.
It said initial assay results received for CHDDE004, or 'hole 4', had shown some "significantly higher" copper grades which were in the process of being further verified.
Those results would be released as soon as practicable, the board confirmed.
"Given that we are still in the exploration phase where the drill programme has been designed to explore for mineralisation, this set of results once again exceeded all our initial expectations, showing significant, relatively shallow, high-grade intersections of copper as well as good continuity of mineralisation," said Arc Minerals executive chairman Nick von Schirnding.
"Whilst we continue to explore this target, we are also continuing our soil sampling and geological interpretation of the other large targets on our tenements and look forward to releasing results of our next hole shortly."
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