Arc Minerals Ltd - base metals exploration company focused in Africa - Commences maiden drilling programme at the Virgo project in Botswana. Drilling has objective of testing geochemical anomalies identified in the Virgo licences located within the Central Structural Corridor of the Kalahari Copper Belt.
The anomalies extend for 3.0 kilometres and 2.5 kilometres along the interpreted contact respectively.
"The Kalahari Copper Belt is increasingly becoming one of the most prospective copper belts and I am delighted that we have now commenced with our maiden drill programme. The initial percussion holes will be used to define the location of the interpreted Ngwako Pan and D'Kar Formation contact, following which this contact will be drill tested," says Executive Chair Nick von Schirnding.
Current stock price: 3.30 pence, down 7.0% on Monday
12-month change: down 2.9%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Arc Minerals (ARCM)