Latest NewsArc Minerals Intersects 80m of pervasive sulphide mineralisation
Arc Minerals (“Arc” or the “Company”) is pleased to announce that the drilling programme at the Kalaba prospect, part of its Zamsort Copper-Cobalt Project (“Zamsort”) is progressing well.
Ten diamond holes have been completed to date, totalling 1,435 meters. The team is currently working on the logging, core cutting as well as sample preparation and sending the samples to the laboratory for multi-element testing. The first results are expected over the next few weeks.
To date the drilling has intersected rocks that display a much higher degree of metamorphism than what is traditional for the Copperbelt region. The results of this is that far greater thicknesses of sulphide mineralisation have been intersected, with up to 80m in certain areas. Providing these levels of pervasive sulphide mineralisation continue, the initial target JORC compliant Minerals Resource Estimate of 16 million tonnes will most likely be exceeded.
Three holes have intersected visible mineralisation for more than 80 meters and in the case of the latest hole mineralisation started only six meters from surface.
Nick von Schirnding, Executive Chairman of Arc Minerals commented: “I am very pleased with the progress of the drilling programme to date. A number of holes have intersected pervasive mineralisation with visible copper and cobalt over thicknesses of 80m which is particularly exciting. I look forward to updating on the progress of the initial assay results as well as the RC drilling programme which will commence imminently.”
The information in this press release is based on information provided by Zamsort Limited on behalf of Arc Minerals. Mr Vassilios Carellas (BSc (Hons), MAusIMM) is the Chief Operating Officer for Arc Minerals and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined under the JORC Code (2012). Mr Carellas consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
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