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Arc Minerals Ltd unveils extensive mineralisation at new targets in Zambia

"We are very excited about the next few months ahead,” said chairman Nick von Schirnding said.

Arc Minerals Limited -

Arc Minerals Ltd (LON:ARCM) said infill soil sampling at two new target areas in Zambia has confirmed a larger mineralised system.

The miner has completed analysis of 8,100 soil samples at the Lumbeta and Muswema targets, which are located within the Zamsort and Zaco exploration license areas in the Domes Region of the North Western Province in Zambia. Up to 1,793 parts per million (ppm) of copper were found in the soils at Muswema.

"These soil sample results appear to be similar to the previous high ppm soil sample analyses from the Cheyeza target area where successful follow up drilling has been extremely promising, delivering several excellent high-grade intercepts of shallow copper mineralisation,” said chairman Nick von Schirnding.

“Whilst drilling continues at our promising Cheyeza project we are pleased to be taking next steps in progressing our exciting pipeline of prospects and will be carrying out maiden drilling programmes at both our Lumbeta and Muswema targets.

He said drill rigs will shortly be arriving at both sites. Arc Minerals will move another rig to West Lunga in the next few weeks.

“Based upon our work to date, what is particularly encouraging is that we are beginning to see evidence of a larger mineralised system. We are very excited about the next few months ahead,” von Schirnding said.

Quick facts: Arc Minerals Limited

Price: 2.245 GBX

Market: AIM
Market Cap: £21.71 m


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