In a nutshell7 May 2024 09:48
Fatboy1nc7 May '24 -
Once holders understand the significance of David Wood's (DW) missing copper theory against the now verbal confirmed mineralisation fluid flows. Arc could well be heading to double digits very quickly on SP.
Despite all the uproar over the IC... seems only 3 people have noticed the reason/importance of the call on the BBs. I'm personally excited Ella, you? Oh yes... Karl being the 4th! Was he told, or did he figure it out?
So why mention Nguba you ask?
For that we need to go back to a 2019 RNS. This adds a bit more of a layer of info for you and how it interacts with the present Anglo methodology, as described on the IC last week:
hxxps://www.arcminerals.com/news/rns/rns-details/2019/Large-New-Target-Identified-at-Zamsort/default.aspx
"The Central African Copperbelt has been a focus of exploration and mining activity since the 19th century.
There has been recent success in discovering copper deposits at stratigraphically higher positions adjacent to and outside of the typical Copperbelt (e.g. the Frontier Deposit, at the top of the Mwashya Group east of the Zambian Copperbelt, the Sentinel Deposit within the middle Mwashya Group and the world-class Kamoa Deposit at the base of the Nguba Group).
Given the proximity of the Zamsort licence to the Sentinel Deposit the potential for mineralisation within a typical stratigraphic settings, or concealed under Kalahari cover, is considered high."
Let me quote this passage again from 2019 (making more sense as you continue reading):
"There has been recent success in discovering copper deposits at stratigraphically higher positions adjacent to and outside of the typical Copperbelt (e.g. the Frontier Deposit, at the top of the Mwashya Group east of the Zambian Copperbelt, the Sentinel Deposit within the middle Mwashya Group and the world-class Kamoa Deposit at the base of the Nguba Group).
Given the proximity of the Zamsort licence to the Sentinel Deposit the potential for mineralisation within a typical stratigraphic settings, or concealed under Kalahari cover, is considered high."
Historically copper mineralisation in the Copper Belt is associated with Ore Shale in the lower Roan below Nguba. (Yes Ella... Nguba is above the Roan, Seis is wrong on that Tweet).
So why all the excitement? Now comes the good bit Ella... which most people have missed!
During the technical handover VC did mention the Nguba formation... I've had a team of translators and audio specialists working on it for a few hours, see below:
"Anglo commenced with the joint venture's first diamond drill hole that went down just short of 930m.
Drilling this deep hole is to validate the geological stratigraphy that may be conducive to metal concentration and refine the exploration strategies.
Cont....