(Alliance News) - Arc Minerals Ltd on Wednesday hailed a drilling programme that found the widest interval of continuous copper mineralisation ever encountered at Arc's Cheyeza East asset in Zambia.
Arc Minerals said the 68.8 metres intersection was the " is the widest interval of continuous copper mineralisation ever intersected at Cheyeza East".
Executive Chair Nick von Schirnding said: "This set of drill results also reports a significant number of high-grade intercepts of over 1%."
For now, drilling has been halted, due to the rainy season in Zambia, though it will restart when the period ends.
"In the meantime, work has commenced on the exploration strategy for the year ahead as well as options for processing the near surface higher grade material as previously outlined. Results for further assays are also awaited including those for additional targets and we look forward to releasing these in the near term," von Schirnding added.
Arc shares were 2.3% lower at 3.15 pence each in London on Wednesday morning.
By Eric Cunha; ericcunha@alliancenews.com
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Arc Minerals (ARCM)