RE: Kamoa Kakola intersections19 Aug 2019 14:42
LETS HOPE WEST LUNGA COMES EVEN SLIGHTLY CLOSE KAMOA LOOKS ASTOUNDING
4 July 2019
Arc Minerals Ltd
('Arc' or the 'Company')
Large New Target Identified at Zamsort
Arc Minerals Limited ("Arc" or the "Company"), is pleased to report that a detailed review by its technical consultants, African Mining Consultants and Douglas Haynes Discovery Ltd. has fully endorsed Arc's exploration strategy as well as identified a large new target called West Lunga in the western part of its licences in Zambia.
Highlights
· 6km long West Lunga target identified
· West Lunga target demonstrates anomalous copper over 6km strike, with peak values of 463ppm Cu
· West Lunga target is located in the western part of the Zamsort & Zaco licences
· Targets the same horizon that hosts the world-class Kamoa deposit
Nick von Schirnding, Executive Chairman of Arc stated:
"This is very encouraging news - especially having been identified by the discovery team of Kamoa, one of the largest high-grade copper discoveries of recent times. This development means we are going to review the ranking of our 14 priority drill targets and it is likely that we will prioritise West Lunga as one of our highest priority targets."
West Lunga Target
Significant new target identified within the Zamsort & Zaco licences. Recent targeting work, completed by African Mining Consultants and Douglas Haynes Discovery Ltd, has identified the new 6km-long West Lunga Target, one of eight high priority areas (Table 1.) identified within the licences. The target (see figure 1. & 2.) is defined by anomalous copper over 6km of strike, with peak values of 463ppm Cu, and targets the Lower Nguba formation, notable for recent world-class discoveries (e.g. Kamoa & Deziwa, in the DRC).
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