LONDON (Alliance News) - Arc Minerals Ltd on Friday said it has started an exploration programme at the Zamsort project in north western Zambia.
The company said infill soil sampling over the target area has commenced, with 1,200 samples already completed.
As soon as weather conditions improve, Arc will initiate drilling over the area, which includes two targets, Cheyeza West and Lumbeta.
"I am very pleased to have completed the follow up work on the new anomalies and to have commenced the soil sampling programme early having been able to access Cheyeza West during intermittent dry periods," Chair Nick von Schirnding.
He added: "As soon as weather conditions allow we shall be deploying rigs to Cheyeza West in the first instance and start our drilling programme. The Cheyeza West and Lumbeta anomalies, as highlighted on the attached map, are around 10 order of magnitudes larger than anything previously looked at in the Zamsort project area, and is a potential game changer for Arc Minerals."
Arc Minerals shares were trading down 1.6% at 2.34 pence each on Friday morning.
Arc Minerals (ARCM)