 Zambia Exploration Update
Arc Minerals (LSE:ARCM), an exploration company forging partnerships to discover and develop Tier 1 copper deposits, is pleased to provide an update on exploration activities at its Joint Venture with a subsidiary of Anglo American in Zambia.
Highlights
· Copper mineralisation observed at all targets drilled
· Priority target confirmed
· Alteration consistent with known deposits in the Domes Region with copper mineralisation observed
· Three new targets identified and drilled
· Drilling at fourth target underway
Nick von Schirnding, Executive Chairman of Arc Minerals, commented:
"I am very encouraged by the progress made during the drilling campaign by our JV partner, Anglo American, notably the identification of a new priority target and the fact that drilling is set to continue into the wet season.
One new target in particular, close to Muswema, has moved to the top-ranked priority and exhibits alteration mineralogy comparable to known deposits within the Domes Region, with visible copper mineralisation observed in the core.
I look forward to reporting back on assay results from the core sent to the laboratory as they become available."
Drilling
Drilling commenced this year at the first new target approximately 1km east of the oxide occurrence at Cheyeza. The first hole targeted a Cu-Ni anomaly generated by the latest soil sampling programme. Anomalous copper mineralisation over a downhole thickness of around 45m was observed in the saprolite zone. Pending results from the laboratory, this hole demonstrates the potential to significantly expand the known oxide mineralisation at Cheyeza.
Two holes were drilled at the new target Nkwazhi that is located between Cheyeza and Muswema, testing a thickened Lower Roan unit in this part of the basin. The first hole intersected copper mineralisation of over 20m at the base of the Upper Roan along with anomalous nickel in a marker talc-schist unit in the Lower Roan, below which currently no further mineralisation has been observed. The second hole drilled 400m away did not intersect mineralisation.
The third target tested is located approximately 4km to the south-east of Muswema where a second order soil geochemical anomaly is present.
Initial observations from this first hole are encouraging with lithologies and alteration styles akin to known deposits within the Domes Region of the Copperbelt being intersected. Copper mineralisation is also observed in parts of the drill core with multiple generations of chalcopyrite observed. This target is being prioritized for follow-up drilling.
Soil Sampling
During the campaign, an extensive soil sampling programme was completed along traverses and focussed on the basin margin and in particular the Lower Roan. Over 12,000 samples were collected and analysed with the principal aim being to better understand the architecture of the Roan stratigraphy, source rocks and vectors to potential reductants.
The information garnered from this soil sampling program, integrated with historical data has resulted in a more robust surface geological map for the basin and has supported the current drill targeting.
Investor Call
An investor call will be held via Zoom at 12:00 UTC on Thursday, 7 November 2024 which will be presented by Nick von Schirnding (Executive Chairman) and Vassilios Carellas (Chief Operating Officer) to provide an update on the Company's upcoming drilling programmes in Botswana and Zambia. Investors can join the investor call by using the following link:
hxxps://us05web.zoom.us/j/85294720966?pwd=6ebPDm13jUNcyQJdHFaL4pCsBF8zE4.1 |
Err no m8 as no assays yet ! If they are good, and you idiots probably wouldn't know a good assay from a plate of fish & chips, then I will take a position and join the dark side ROFLMFAO |
Bukowski gonna be quiet today methinks |
I’d bet my last pound, That one person ends up extremely embarrassed on both boards.
Good night.. (Buck) Hobbies are a great thing.
Managed to dig up 17 Fossils old and new over the last few days, it’s been fun. |
Hee hee ;-D |
Enjoy tomorrow Bukkake ! |
Surely fireworks have to be RNS'd not YouTube'd kiddo?Anyway I'd bet my last pound that Nick says things like "extremely satisfactory " "we are very pleased with our partners" "things are going extremely well" you know standard Nick stuff that he's been uttering from years.He may even throw in a "I will be in Zambia next week" for meetings or a site visit, either him or Vassillios...he kind of likes that one so look out for that.All imho dyor!!! |
Another big volume day. Fireworks tomorrow, or a damp squib? |
Lights, camera...action! |
Game on, all to play for, buckle up, strap yourselves in, weekend etc etc blah blah blah |
All to play for!Make sure the sound quality's spot on; we don't want our Ella to miss anything all the way over in Northern Ireland.GLA,FB.PS. It's called karma Ella. After what you pulled against Arc's LTH, please don't expect FB to feel sorry for the pitiful situation you're in now FFS! |
Bell not leg! |
Wouldn't disagree kiddo. |
It will be alright petal. Go and read geology for dummies again and listen to more ICs of companies you are not, nor have any intention of investing in. Have a great day, big hug |
You talking to yourself again kiddo rofl lol dyo |
Investor Call
Arc announces that an investor call will be held via Zoom at 12:00 UTC on Thursday, 7 November 2024 which will be presented by Nick von Schirnding (Executive Chairman) and Vassilios Carellas (Chief Operating Officer). Investors can join the investor call by using the following link:
hxxps://us05web.zoom.us/j/85294720966?pwd=6ebPDm13jUNcyQJdHFaL4pCsBF8zE4.1 |
I've cried tears of laughter several times over the years you nitwit.The gift that keeps on giving is Nick imho, and I've got another Investor Call to howl at in a few days!!I honestly don't think Nick realises what he says on Investor calls actually stays on the Internet forever....ROFLMFAO!!! |
Have you considered crying about it? |
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