RE: Drilling results30 May 2024 08:34
That is interesting maybe they found the mother load Highlights
· The IP Survey has confirmed drilling targets along two distinct trends of high chargeability close to the interpreted redox contact
· A large, previously unidentified anomaly of high chargeability and low resistivity has been detected at depth
· The Drilling Programme is being modified to test this previously unidentified IP anomaly
· As part of the renewal process of the Company's Botswana licences, the Botswanan Department of Mines has accepted the Company's applications to extend the term of its PL135/2017 and PL162/2017 licences. Further updates will be provided as these licence extension applications progress.
Nick von Schirnding, Executive Chairman of Arc Minerals, commented:
"The IP survey has delivered very encouraging results. We are incorporating these results into our modified drilling programme which is to commence w/c 17 June 2024, with the contractor mobilising next week. We're also expanding our drilling programme to test a large, previously unknown, deep anomaly of high chargeability and low resistivity that was identified by the survey."