Business
High Grade Cobalt drill results from shallow oxide
High Grade Cobalt drill results from shallow oxide.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 2533H Arc Minerals Limited 14 November 2018 \n\nArc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration\n \n \n14 November 2018\nArc Minerals Ltd \n('Arc' or the 'Company')\n \n \nHigh Grade Cobalt results from shallow oxide drilling\n \nArc Minerals is pleased to report reverse circulation drilling results from the oxide portion of its Kalaba Cobalt-Copper Project (\"Zamsort\"). These short holes were drilled to confirm the grade of the oxide material intended for processing through the Commercial Scale Demonstration plant ('CSD Plant' or the 'Plant'). Significantly higher cobalt grades up to 0.35% have been intersected together with copper grades up to 1.50%.\n \nHighlights:\n \n· Cobalt grades averaging over 0.20% over mineable widths\n· Mineralisation hosted in a saprolitic horizon that can be easily mined without the need for drilling and blasting\n· Low strip ratio to access the near surface ore\n \nDrilling intercept highlights include:\n \n· KGC003: 23m at 1.16% Cu Eq. from 2m \no including from 13m; 10m at 0.81% Cu and 0.15% Co for 2.00% Cu Eq.\no including from 17m; 4m @ 1.17% Cu and 0.22% Co for 2.90 Cu Eq.\n· KGC005: 16m at 1.28% Cu Eq. from 9m \no including from 13m; 9m at 0.83% Cu and 0.11% Co for 1.74% Cu Eq. \n· KGC012: 15m at 1.29% Cu Eq. from 10m\no Including from 14m; 6m at 0.51% Cu and 0.20% Co for 2.11% Cu Eq. \n \nProgress at the CSD Plant\nCommissioning of the plant is on track for December 2018. Given the prevalence of cobalt in the oxide ore, the plant is also being tested to ensure that the plant is able to maximise cobalt recovery and process a separate cobalt concentrate as well as a separate copper concentrate. Two cost efficient systems are being tested with encouraging early results. A further update will be provided once a decision is taken on the route going forward for the Plant.\n \nNick von Schirnding, Executive Chairman of Arc Minerals commented:\n\"These results are very encouraging, in particular the high-grade cobalt mineralisation intersected in this round of drilling. These results from the pit areas immediately adjacent to the CSD plant show &nbs...