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
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.