Arc Minerals Share News (ARCM)

(Sharecast News) - Arc Minerals announced the start of the second season of exploration activities over the Zamsort and Zaco license areas in north western Zambia on Monday.
The AIM-traded firm said diamond drilling activities would begin over the Fwiji target, where it had already defined the target area through previous exploratory works.

Follow-up work at a number of the other target areas, including Cheyeza East and Muswema, was currently underway.

The total diamond drilling program for the year was budgeted for an initial 8,000 metres, with hole depths to between 100 and 250 metres below surface.

Diamond drilling was initially intended to confirm the interpreted anticlinal structure and mineralisation associated with the hinge component to the anticline, the board explained.

It said that would then be followed to test the mineralisation in the down-plunge hinge component to the anticline.

"I am very pleased to report the commencement of drilling activities at Fwiji, notwithstanding the challenges of Covid-19," said executive chairman Nick von Schirnding.

"Our team in Zambia has worked hard to get around the obvious challenges posed by the pandemic.

"I look forward to regular updates to the market over the exploration season."

At 1548 BST, shares in Arc Minerals were flat at 2p.