Business
Maiden Botswana Exploration Programme
Maiden Botswana Exploration Programme.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n \n \n 15 June 2022\n \n \n Arc Minerals Ltd\n \n \n ('Arc Minerals' or the 'Company')\n \n \n \n Arc Commences with Maiden Botswana Exploration Programme\n \n \n \n Arc Minerals the Africa focussed copper company is pleased to report the commencement of its maiden exploration programme at its Virgo Project in Botswana, with a soil geochemistry survey currently underway to be followed by an exploratory drill programme.\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n ·\n \n Re-interpretation of the geology in license PL 135/2017 suggests the existence of a fold crest that presents a good opportunity to extend the previous soil sampling grid along the fold limb to this crest\n \n \n \n ·\n \n Both PL 135/2017 & PL 162/2017 license areas host the contact between Ngwako Pan (\"NPF\") and D'Kar (\"DKF\") Formations that are favourable for hosting Cu-Ag mineralisation\n \n \n \n · \n \n The historically sampled areas within the two licenses indicate DKF-NPF contact and further sampling will assist to zone in on this contact\n \n \n \n · \n \n Exploration drilling to follow and test DKF-NPF contact zone areas as well as interpreted fold crest targeting the known and any new anomalies that may be generated from the soil geochemistry survey\n \n \n \n \n \n \n \n Nick von Schirnding, Executive Chairman of Arc Minerals, commented:\n \n \n \n \n \n \n \n \"Following the acquisition of Alvis-Crest (Propriety) Limited late last year the team has reviewed the previous work carried out in the respective license areas and put forward our maiden exploration programme to further refine our geological understanding before commencing with an exploratory drill programme.\n \n \n \n \n \n \n \n \n \n These licenses lie within and adjacent to the highly prospective Central Structural Corridor of the Kalahari Copper Belt (\"KCB\") and within 10km and 50km of Khomecau's Zone 5 and Banana Zone copper projects respectively, known as the two largest copper projects on the KCB.\n \n \n \n \n \n \n \n \n \n Further these licenses already host two known copper-nickel anomalies, both 2-3km in length overlying the favourable interpreted DKF-NPF contact that have yet to be drill tested and now potentially may have further targets. This is an extremely exciting time for the Company and these license areas.\...