Arc Minerals Discovers Copper at All Drilled Targets in Zambia JV with Anglo American
London-listed Arc Minerals has reported copper mineralization at each target drilled on its joint venture (JV) copper project with Anglo American in Zambia.
The companies have identified priority targets for further investigation, and drilling is set to continue through Zambia’s rainy season.
One high-priority target near Muswema has been elevated in importance due to its alteration mineralogy, which is similar to known deposits in the Domes region of the Zambian Copperbelt.
Visible copper mineralization has been observed in core samples, according to Arc’s chairperson, Nick von Schirnding. Samples have been sent for laboratory analysis, with results expected soon.
The JV encompasses several licenses over an area of 870 km² in Zambia’s North-Western Province. Under the agreement, Anglo American holds a 70% stake, while Unico Minerals, a subsidiary of Arc Minerals, retains the remaining 30%.
