First Assays Received From Zambian Copper Project
Zambian focussed copper exploration and development company Arc Minerals (AIM:ARCM) has received a positive first set of assay results confirming the presence of near surface copper mineralisation at the Fwiji prospect.
The company said drilling intersected good thicknesses and grades including highest-ever 7% Cu grade intersection.
Highlight intersections included:
- FWDD001 – 24.15m @ 0.45% Cu from 12.40m;
- FWDD002 – 34.00m @ 0.52% Cu from 58.90m; and
- FWDD002 – 3.50m @2.26% Cu from 163m
Executive Chairman, Nick von Schirnding, said visual appraisal of the subsequent holes has confirmed further mineralisation at Fwiji.
The company is now preparing to drill the Muswema prospect where initial results have confirmed it as a high priority target.
Other promising targets for follow-up have been identified at Results confirm Cheyeza and Lumbeta.
“The initial drilling results at the Fwiji prospect have once again surpassed our expectations with evidence of significant sulphide and oxide mineralisation and more importantly showing continuity across a distance of over 1,000 meters from the first hole drilled,” Mr von Schirnding said.
“This is the first major sulphide discovery in our three years of drilling which is very exciting.
“Separately, the work we have completed to date on the Anglo soil assay data (which is in addition to the work Anglo is completing) have confirmed Muswema (and multiple other targets) as high priority drill targets. As a result, we have decided to deploy a rig to Muswema with immediate effect to drill a number of newly identified zones ahead of the rainy season. “In addition to the drill results from Fwiji still to be released, we will be drilling a significant number of additional holes through to the end of the year and look forward to a very active reporting period over next the few weeks.”
