Arc Minerals reports positive drilling results in Zambia

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Arc Minerals said further drilling results from its Cheyeza East prospect in Zambia had exceeded its expectations.

A new hole intersected 28.5 metres at 1.32% cooper from 18.6 metres.

'Given that we are still in the exploration phase where the drill programme has been designed to explore for mineralisation, this set of results once again exceeded all our initial expectations, showing significant, relatively shallow, high-grade intersections of copper as well as good continuity of mineralisation,' chief executive Nick von Schirnding said.

'Whilst we continue to explore this target, we are also continuing our soil sampling and geological interpretation of the other large targets on our tenements and look forward to releasing results of our next hole shortly.'

At 2:24pm: (LON:ARCM) Arc Minerals Limited Ords Npv Di share price was -0.07p at 4.58p