Arc Minerals (LON:ARCM), an exploration company forging partnerships to discover and develop Tier 1 copper deposits, has provided an update on exploration activities at its Joint Venture with a subsidiary of Anglo American in Zambia.
DirectorsTalk caught up with Executive Chairman Nick von Schirnding and Chief Operating Officer Vassili Carellas to break down the significance of these findings, the potential for a large-scale copper deposit, and what this means for the joint venture with Anglo American. They also discuss the legal and financial stability of Arc Minerals, upcoming exploration plans, and why Zambia remains a prime location for copper mining.
Highlights
· Diamond Drill Hole KCDD002 – 40.60m @ 0.61% Cu from 22.25m
o Incl. 7.70m @ 1.72% Cu from 26.75m, or
o 12.75m @ 1.20% Cu from 22.25m
· Mineralisation confirmed 1.5km from Cheyeza East Oxide Occurrence
· Both Oxide and Sulphide Mineralisation Intersected
· Six holes completed for a total of 4,016m drilled at four targets
· Deepest hole drilled down to 977.40m
· Sulphide Mineralisation confirmed at Nkwazhi
