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Arc Minerals Ltd.
Summary
| Project: | Zamsort | |
|---|---|---|
| Deposit: | Kalaba | |
| Location: | Zambia | |
| Commodities: | Copper-Cobalt | |
| Date: | 11/28/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2018: Arc Minerals Ltd. announces an Exploration/Drilling Update report for its Kalaba deposit at the Zamsort project. Drilling results incl. 115m @ 0.29% Cu, 0.04% Co from 0m. Arc Minerals is pleased is pleased to report further diamond and reverse | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vassilios Carellas (Internal) | |
| ABSTRACT: | Arc Minerals is pleased is pleased to report further diamond and reverse circulation drilling results from both the oxide and sulphide zones from its Kalaba Cobalt-Copper Project ("Zamsort"). These holes were drilled to test the sulphide mineralisation to the north of the oxide zone in the Kalaba Open Pit ('pit') and separately to test the extent of the oxide material in and around the pit. Nick von Schirnding, Executive Chairman of Arc Minerals commented:"These results are once again very encouraging, in particular, the increasing grade of copper mineralisation that is being intersected in what is the sulphide zone to the north of the oxide pit, with the average grade of the mineralisation from one of the holes approaching 1% Cu and 0.1% Co.Based on these latest set of results from the sulphide zone (KDD019 and KDD020) to the north of the pit, there appears to be increasing width and grade to the copper mineralisation in a north-westerly trend.I'm pleased to report that the front end of the plant has been completed and with the back end of the plant expected to be completed over the next several weeks. The recent drilling has now confirmed sufficient oxide feed for the plant together with the existing stockpiled material. I am particularly pleased that the Capex for completing the plant has come in under budget at US$300,000.We look forward to providing further updates in due course." | |
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