Business
Zambia - Exploration & Drilling Update
Zambia - Exploration & Drilling Update.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 1483B Arc Minerals Limited 05 June 2019 \n\nArc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration\n \n \n5 June 2019\nArc Minerals Ltd \n('Arc' or the 'Company')\n \nZambia - Exploration & Drilling Update \n \nArc Minerals is pleased to announce that it has mobilised drill rigs following exciting results from the first infill soil geochemistry programme at one of its exploration targets in Zambia. \n \nHighlights: \n \n· Comprehensive geochemical and geophysical studies have identified 12 signficant regional targets\n· Completion of infill geochemistry at Cheyeza has identified the new Cheyeza Central target situated between the between large, high-priority Cheyeza East and Cheyeza West targets\n· Up to 2,792 ppm copper identified at Cheyeza East \n· Drill pads and access completed at Cheyeza West and East with two rigs to begin drilling shortly\n· Further infill geochemistry work is underway at four additional regions with further results expected soon\n \nThe completion of the airborne geophysical survey and broad spaced soil geochemical programme last year resulted in the identification of 12 anomalous target areas within the Zamsort-Zaco license areas. \n \nOver the past two months, further infill soil sampling over the 10km x 8km Cheyeza region has been completed, with over 6,000 samples analysed, adding a further target anomaly (Cheyeza Central).\n \nOf 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. The first rig will be targeting this signficant geochemical anomaly at Cheyeza East. \n \n \nNick von Schirnding, Executive Chairman of Arc Minerals commented: \n \n\"I am very encouraged by the results of our extensive work over the property that we have completed over the past few months. It confirms that we have a wide range of exciting and high priority targets, any of which could be company makers on their own, indeed ongoing exploration by majors in this region of Zambia supports the potential for major new tier 1 discoveries. My confidence going forward also is strengthened by t...