Arc Minerals Limited reported encouraging assay results from its Zambian joint venture with Anglo American, showcasing new copper mineralisation. Notable results include 0.6% copper over 40 meters and high-grade intersections of 1.7% over eight meters. The partnership with Anglo focuses on significant financial investment, projecting an active exploration year ahead for the company.
Arc Minerals Limited recently announced promising assay results from its joint venture with Anglo American in Zambia. Executive chairman Nick von Schirnding shared these findings at the Mining Indaba conference in Cape Town, highlighting new evidence of near-surface copper mineralization. Notably, assays from the Domes region revealed a significant copper concentration of 0.6% over a thickness of 40 meters, with certain intersections showing even higher grades of 1.7% copper over eight meters.
Von Schirnding noted that levels above 0.5% copper are considered economically viable, reinforcing the project’s potential. Furthermore, the discovery of sulfides located below the oxide zone suggests the possibility of uncovering major copper deposits in the area. He characterized the collaboration with Anglo American as one of the best opportunities for small exploration firms in recent decades, with the mining giant investing nearly $90 million into the project.
Of this total investment, $14.5 million is directly allocated to Arc Minerals, positioning the company well for substantial exploration activities. With a robust financial backing and extensive exploration rights, Arc Minerals anticipates an eventful year ahead in its mining ventures. The results signify a strong outlook for the copper market in Zambia, further stimulating investor interest.
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Arc Minerals Limited is a junior exploration company focused on copper deposits, particularly in Zambia, a region well-known for its mining potential. The joint venture with Anglo American capitalizes on this opportunity, aiming to utilize Anglo’s substantial resources and commitment to discovery. In recent years, copper has gained traction as a crucial asset due to its applications in green technology, further highlighting the significance of such discoveries in this sector.
In conclusion, Arc Minerals’ recent assay results demonstrate substantial copper mineralization that could lead to economic extraction. The partnership with Anglo American is strategically important, offering both financial support and industry credibility. With ongoing exploration and promising findings, Arc Minerals is primed for potential growth in the Zambian copper market, reflecting a positive trend in junior mining.
Original Source: www.proactiveinvestors.co.uk
