Business
New Discovery Identified at Muswema
New Discovery Identified at Muswema.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 7739B Arc Minerals Limited 03 February 2020 \n\n03 February 2020\n \nArc Minerals Ltd\n('Arc' or the 'Company')\n \nNew Discovery Identified at Muswema\n \nArc Minerals Limited, the Zambian focussed copper exploration and development company, is pleased to announce that recent drilling at the Muswema prospect (\"Muswema\") has confirmed the presence of copper mineralisation at this target, which brings the number of mineralised targets now at Zamsort up to four. \n \nThe Company additionally announces further assays from its Cheyeza East prospect that shows further near-surface intersections of copper mineralisation.\n \nHighlights:\n \n \n· MUSDD004 intersected 9m @ 0.47% Cu from 3m\n \n· CHDDE063 intersected 38m @ 0.84% Cu from 7.00m\no Includes 1.34% Cu over 17.00m from 17.00m\n \n· CHDDE064 intersected 15m @ 0.93% Cu from 50.00m\no Includes 1.37% Cu over 6.00m from 50.00m\n \n· CHDDE065 intersected 25.50m @ 0.72% Cu from 38.00m\no Includes 1.51% Cu over 8.00m from 54.50m; and\n \nNick von Schirnding, Executive Chairman of Arc stated:\n \n\"The identification of Muswema as another mineralised target is excellent news and confirms that our license areas are developing into a potentially significant source of copper. Additionally, the fifth hole at Muswema has intersected significant amounts of sulphide mineralisation at depth, assays for which are still pending, and importantly it's the first time we have seen sulphides on this scale in our drilling to date on our licenses. This important development means Muswema becomes another key focus of our drilling strategy when we recommence shortly following the end of the rainy season. \n \nIt is also pleasing to report another set of strong results from Cheyeza East. The weathering profile now extends down to over 80m in places which means these near surface copper intersections would in effect not require any drilling or blasting to be excavated nor much crushing and grinding, which will have a significant positive impact on the overall economics for this prospect.\"\n \n \nDrilling Results\nThe table below sets out the recent results of the holes for w...