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Arc Minerals Ltd.
Summary
| Project: | Zamsort | |
|---|---|---|
| Deposit: | Cheyeza East | |
| Location: | Zambia | |
| Commodities: | Copper | |
| Date: | 8/20/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-8-2019: Arc Minerals Ltd. announces an Exploration/Drilling Update report for its Cheyeza East deposit at the Zamsort project. Drilling results incl. 19.70m @ 0.59% Cu from 15.30m. Arc Minerals Limited is pleased to announce further drill results from | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vassilios Carellas (Internal) | |
| ABSTRACT: | Arc Minerals Limited is pleased to announce further drill results from its maiden exploration drill programme at the Cheyeza East target area in Zambia and an update on additional exploration activities at its high-priority West Lunga and Lumbeta targets. Nick von Schirnding, Executive Chairman of Arc stated: "Drill holes six and seven, which were drilled either side of drill holes four and five, have demonstrated that the width of the mineralised zone along this drill profile is now in excess of 300m and still open ended. Drill holes eight, nine, ten and twelve, drilled along strike and to the north east have confirmed that the strike length to the mineralised zone in the north of this target area is at least 650m long. As the team on the ground continues to probe the Cheyeza East target area with coarse spaced drill holes to test the extent of the mineralised area, I am encouraged to see that the mineralisation encountered to date is still relatively shallow at generally less than 100m below surface. The drilling programme thus far at Cheyeza East has been highly encouraging and continuing at pace. While we await the results of several new holes at Cheyeza East, investors should also look forward to maiden drilling at Lumbeta and West Lunga - two significant new targets which we are extremely excited by. A third drill rig is now mobilising to the Lumbeta target area where over 3,700 infill soil samples have been collected and where soil geochemistry provides encouragement that the target area may be copper bearing. The largest of these zones is the western zone where the soil analysis can be traced for circa 4km and appears to represent the limbs of an interpreted anticline in this part of the license. We look forward to releasing further updates shortly." | |
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