Our new Cryptocurrency section has arrived! Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksArc Minerals Share News (ARCM)

Share Price Information for Arc Minerals (ARCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.65
Bid: 2.50
Ask: 2.80
Change: 0.05 (1.92%)
Spread: 0.30 (12.00%)
Open: 2.60
High: 2.65
Low: 2.60
Yest. Close: 2.60
ARCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Arc Minerals pleased with soil sampling in Zambia

Tue, 17th Sep 2019 16:06

(Sharecast News) - Arc Minerals updated the market on the recently-completed infill soil sampling programs over the Lumbeta and Muswema target areas, within the 872 square kilometre Zamsort and Zaco exploration licence areas in the Domes Region of the North Western Province in Zambia, on Tuesday.
The AIM-traded firm said the analysis of 8,100 soil samples at both target areas was now complete, with up to 1,793 parts per million copper analysed in the soils at Muswema.

It said a soil anomaly of around four kilometres in length was confirmed at both Muswema and Lumbeta, with additional anomalies resulting in both target areas being split into a further three zones.

Drill rigs were now en route to each target, and a maiden drill programme was set to commence "imminently".

Arc Minerals added that drilling was continuing at Cheyeza, where visible sulphide mineralisation had been observed, with the board saying that the new targets confirmed a larger mineralised system.

"These soil sample results appear to be similar to the previous high parts per million 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 executive 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.

"Drill rigs will shortly be arriving at both sites."

In addition, von Schirnding said the company would also be moving a further rig to West Lunga in the next few weeks, with all plans supported by its drill-for-equity programme.

"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."

More News

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

9 Dec 19 15:47

Arc Minerals Finds High Grade Copper At Cheyeza East Target In Zambia

Arc Minerals Finds High Grade Copper At Cheyeza East Target In Zambia

4 Dec 19 16:21

Arc Minerals shares rise on 'excellent' results from Cheyeza

(Sharecast News) - Zambia-focussed copper exploration and development company Arc Minerals announced additional near surface, high grade copper assays from its maiden diamond drill exploration programme at the Cheyeza East target in Zambia on Wednesday.

4 Dec 19 09:32

Arc Minerals Acquires Further 5% Interest In Zaco For USD37,500

Arc Minerals Acquires Further 5% Interest In Zaco For USD37,500

3 Dec 19 12:29

Arc Minerals takes controlling stake in Zaco

(Sharecast News) - Africa-focussed exploration junior Arc Minerals acquired a further 5% interest in copper and cobalt miner Zaco on Tuesday, giving the group a controlling stake in the firm.

3 Dec 19 09:27

Arc Minerals Signs Sale Option Amid Focus On Zambian Copper

Arc Minerals Signs Sale Option Amid Focus On Zambian Copper

19 Nov 19 14:33

Arc Minerals Focused On Copper As It Finds Buyer For DRC Asset

Arc Minerals Focused On Copper As It Finds Buyer For DRC Asset

13 Nov 19 11:10

Arc Minerals disposes of Casa Mining stake

(Sharecast News) - Africa-focussed exploration company Arc Minerals has agreed to sell its entire 99.43% interest in Casa Mining to Century Capital Management for up to $9.8m.

13 Nov 19 09:46

Arc Minerals Finds More Cheyeza East High-Grade Copper Intersections

Arc Minerals Finds More Cheyeza East High-Grade Copper Intersections

5 Nov 19 14:17

Arc Minerals announces latest copper assays from Cheyeza East

(Sharecast News) - Zambia-focussed copper exploration and development company Arc Minerals announced the receipt of additional near surface, high grade copper assays from its maiden diamond drill exploration programme at the Cheyeza East target on Tuesday.

5 Nov 19 11:42

Arc Minerals Finance Boss Forrest Retires; Welschinger Replaces

Arc Minerals Finance Boss Forrest Retires; Welschinger Replaces

1 Nov 19 12:32

Arc Minerals ropes in Remy Welschinger as new finance director

(Sharecast News) - Arc Minerals announced the appointment of Rémy Welschinger, one of its existing directors, as its finance director effective immediately on Friday.

1 Nov 19 09:45

Arc Minerals Sells First Copper From Kalaba Demonstration Plant

Arc Minerals Sells First Copper From Kalaba Demonstration Plant

31 Oct 19 18:31

Arc Minerals Swings To Loss; To Benefit From Higher Copper Demand

Arc Minerals Swings To Loss; To Benefit From Higher Copper Demand

1 Oct 19 16:42

Arc Minerals pleased with soil sampling in Zambia

(Sharecast News) - Arc Minerals updated the market on the recently-completed infill soil sampling programs over the Lumbeta and Muswema target areas, within the 872 square kilometre Zamsort and Zaco exploration licence areas in the Domes Region of the North Western Province in Zambia, on Tuesday.

17 Sep 19 16:06

Login to your account

Don't have an account? Click here to register.