Business
Maiden Drilling confirms 25m of over 1% Copper
Maiden Drilling confirms 25m of over 1% Copper.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 1209E Arc Minerals Limited 02 July 2019 \n\n2 July 2019\nArc Minerals Ltd \n('Arc' or the 'Company')\nMaiden Drilling confirms 25m of over 1% Copper\n \nArc Minerals Limited, the exploration and development company with copper and cobalt exploration assets in Zambia and multi-million ounce gold development projects in DRC and Slovakia, is pleased to announce the initial results from its maiden drill program at the Cheyeza target area in Zambia.\n \nHighlights from initial drilling at Cheyeza \n \n· Drilling confirms significant copper mineralisation discovered at Cheyeza East as announced on 27 June 2019\n· Significant Copper Mineralisation at Hole 2\n· Hole 2 assay: 25m @ 1.05% Cu from 2.00m depth, includes\no 1.7% Cu over 9.3m from 18.5m, includes\n§ 13.34% Cu over 0.56m from 27.24m\n· Third hole drilled 200 meters south shows significant mineralisation\n· Both rigs have now been deployed at Cheyeza East\n \nAn investor conference call will be held on Thursday 4 July at 12pm UK time (details below)\n \nCheyeza Target Area\n \nThe Cheyeza Target Area was one of several areas identified by both the geophysics and geochemistry work programs completed last year. As reported on the 5th June 2019, of particular interest is a 3km by 0.8km area at Cheyeza East where up to 2,792 ppm copper in the soils has been identified and where these initial holes were drilled. \n \nDrilling continues at this anomaly to test its full extent, both along strike and down dip.\nNick von Schirnding, Executive Chairman of Arc stated:\n \n\"These maiden drill results have exceeded all our expectations both in terms of grade and thickness. While we are still at an early stage in the drilling programme, these results are highly encouraging and we have now deployed two rigs to Cheyeza East. Importantly our third hole 200 meters south also shows significant mineralization.\" \n \nDrilling Results\nThe table below sets out the results of the holes for which assays have been received by Zamsort from SGS Inspection Service Ltd in Kalulushi, Zambia.\nTable 1. Drilling Intercepts\n\n\n\n\nHole ID\n\n\nFrom (m)\n\n\nTo (m)\n\n\nDrill Width (m)\n\n\nCu (%)\n\n\n\n\nCHDDE001\n\...