Arc Minerals says drilling in Zambia reveals further signs of copper
Source - SMW
Arc Minerals Limited said further drilling at its Cheyeza mine in Zambia had indicated signs of copper.
Drilling from the fourth hole in its maiden exploration programme intersected 18m of copper at an average grade of 2.35%, including 7.60m of copper at an average grade of 4.15%.
'This is another fantastic result and underscores what an exciting asset Cheyeza East is turning into. We believe that the upside potential is significant, and the shallow nature of these high-grade results is supportive of the economics going forward,' said Nick von Schirnding, Executive Chairman of Arc.
At 9:44am: (LON:ARCM) Arc Minerals Limited Ords Npv Di share price was -0.13p at 4.75p