Arc Minerals Limited Commencement of drilling (5834F)
July 19 2021 - 1:00AM
UK Regulatory
TIDMARCM
RNS Number : 5834F
Arc Minerals Limited
19 July 2021
19 July 2021
Arc Minerals Ltd
('Arc' or the 'Company')
Commencement of drilling
Arc is pleased to announce the commencement of a diamond drill
programme on its majority-controlled licenses in north-western
Zambia. Diamond drilling activities are underway at the Fwiji
Target Area ('Fwiji') following further technical work and analysis
from last year's exploration drilling campaign.
The programme will initially centre on a linear feature 2km to
the south of last year's drilling at Fwiji where a coincident
magnetic and soil anomaly has been identified.
This year's programme will also focus on the Cheyeza and Muswema
Target areas where the drill target locations are to be finessed
upon the completions of a high resolution airborne geophysical
survey over these target areas.
Nick von Schirnding, Executive Chairman of Arc Minerals,
commented:
"I am very pleased that our drilling programme is underway
following extensive work that our geologists have completed over
the past six months. As previously disclosed, this year's drilling
programme will aim to drill significantly deeper holes to better
understand the stratigraphy of the exciting targets we have
identified.
Separately, a number of discussions are currently underway with
interested third parties in respect of a potential commercial
transaction in respect of Arc's copper exploration licences in
Zambia.
I look forward to an exciting period ahead for Arc's
shareholders."
For more information visit www.arcminerals.com .
Qualified Persons
The information in this press release is based on information
provided by Zamsort Limited on behalf of Arc Minerals. Mr Vassilios
Carellas (BSc (Hons), MAusIMM) is the Chief Operating Officer for
Arc Minerals and has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person
as defined under the JORC Code (2012). Mr Carellas consents to the
inclusion in this announcement of the matters based on his
information in the form and context in which it appears.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
**ENDS**
Contacts
Arc Minerals Ltd
Nick von Schirnding (Chairman) +44 (0) 20 7917 2942
SP Angel (Nominated Adviser
& Joint Broker)
Ewan Leggat / Adam Cowl +44 (0) 20 3470 0470
WH Ireland Limited (Joint Broker)
Harry Ansell / Katy Mitchell +44 (0) 20 7220 1666
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END
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