| Arc is pleased to announce that a sample from the first hole drilled at its Cheyeza East target sent for assaying has confirmed the presence of copper sulphide mineralisation. The first hole at Cheyeza East intersected massive and disseminated copper sulphide mineralisation and represents the most significant copper sulphide discovery since the Company’s drilling campaign started. |
| Based on both visual inspection of the core drilled and X-Ray Flourescence (‘XRF’) analyses, selected intervals were sent to SGS Inspection Services, Kalalushi Laboratory in Zambia for assay. This batch of assays confirms mineralisation throughout the entire 4.3m sample assayed including up to 4.3m @ 0.6% Cu (including 1.8m @ 0.8% Cu or 3.3m @ 0.7%) and two intervals of over 1% Cu. |
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| Nick von Schirnding, Executive Chairman of Arc said: |
| “This is the first result from what will be an extensive drilling programme going forward to determine the scale of massive sulphide mineralisation at Cheyeza East and provides support for a large mineralised system at play. This is the first time that the Arc team has targeted the anomalies generated by multielement geochemical characterisation study carried out last year, targeting Muswema and Cheyeza East as the first and second priorities respectively with Muswema still to be drilled. The immediate success in intersecting sulphide copper mineralisation is extremely encouraging given the number and re-ranking of targets that have arisen as a result of this study. With the high resolution airborne geophysical data, drill targeting will be further enhanced, and I envisage further success with regards to our ambition of discovering a significant copper sulphide resource.” |
