Arc Minerals cracks on with infill soil geochemical programme at Zamsort
Following the completion of its airborne geophysical programme and follow up analysis at the Zamsort project, Arc has started its exploration programme
Company
LON:ARCM
Arc Minerals is a dynamic exploration and prospect generation company focused on discovering and developing Tier 1 copper deposits through strategic partnerships with major mining companies. With a strong and growing portfolio of mineral assets, Arc continually evaluates new opportunities to enhance its holdings. Led by a high-calibre executive team with a proven track record in sustainable mine development, the Company is listed on the AIM market of the London Stock Exchange under the ticker ARCM.
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Following the completion of its airborne geophysical programme and follow up analysis at the Zamsort project, Arc has started its exploration programme
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Arc owns a 66% equity interest in Zamsort, which owns the Kalaba project
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
Emerald Ex is buying the 18.48% stake with the transaction set to close on 25 February
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The money raised will be used to fund exploration and development work at Zamsort
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The UK's blue chip benchmark closed down around 40 points at 7,179, while FTSE 250 shed around 58 at 19,068
The firm said Mumena Mushinge would join the board with immediate effect, adding that he had been involved in a number of significant projects with local and international mining groups in Zambia
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
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Arc Minerals is already producing on a small scale at Zamsort
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The UK's premier share index added nearly 14 points to close at 7,034
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The mining firm said during November last year the technical team had completed the front end of the plant, comprising two crusher units, screen, a ball mill and conveyors
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Commissioning of a commercial scale demonstration plant
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
The firm said higher copper grade mineralisation had been intersected in the sulphide zone to the north of the Kalaba open pit approaching 1% copper and 0.1% cobalt
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Findel's October update will have most likely covered any surprises in its interims, while the US's third-quarter GDP could move from the previous reading of 3.5%
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The AIM-listed firm said the reverse circulation drilling results showed cobalt grades of up to 0.35%, intersected together with copper grades up to 1.50%
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The UK blue-chip index closed up 9.53 points at 7,035, while the more UK company focused FTSE 250 added over 100 points
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the main news-driven risers and fallers in London on Tuesday...
The survey will be correlated against existing geochemical data
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Newsflow is set to accelerate as the drill programme continues
It was a bleak weak for Wolf Minerals but there was plenty of cheery news elsewhere in the mining sector
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Surface indications point to a 5km system extending over a strike of 2km
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In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
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“We were approached by a European Family Office and a South Africa-based institution to provide further funding for our exciting Zambia exploration programme,” said executive chairman Nick von Schirnding
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
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The junior is now concentrating all its attention on the Zamsort copper and Misisi gold deposits in Zambia and the DRC respectively
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
“A number of holes have intersected pervasive mineralisation with visible copper and cobalt over thicknesses of 80m which is particularly exciting"
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Arc is drilling to produce both ores for a pilot plant and a maiden resource estimate for the deposit
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ECR Minerals and Ariana Resources had a good week, with their share prices rising after news, but Tertiary Minerals suffered a setback in Sweden
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The AIM-listed mine developer said the 11,000m drilling programme would consist of 6,600m diamond drill and 4,400m RC drilling which is aiming to delineate a shallow oxide resource
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
Some of the main news driven risers and fallers on Monday afternoon ...
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A glance at some of the day's highlights from the Proactive Investors newswire
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
A look at some of the top risers and fallers in London on Tuesday
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A glance at some of the day's highlights from the Proactive Investors newswire
The UK blue-chip benchmark closed up over 45 points higher at 7,593, while FTSE 250 added over 59 points at 20,665.
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The AIM-listed miner said 3mln ounces of gold averaging 2.16grams per tonnes were reported at Akyanga deposit
FTSE 250 closed also lower - just shy of 160 points lower at 20,684, while FTSE small cap market shed around 25 points
The AIM-listed miner said it had sold the stake for US$532,000 in cash, with executive chairman Nick von Schirnding saying the sale represented a “major step forward”
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of the biggest risers and fallers in London.
The AIM-listed firm said it will issue 12mln new ordinary shares of no par value in the company to the vendors for the acquisition of the additional 6% interest in Zamsort
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The UK premier share index closed 2.58 points, or 0.03% to stand at 7,631
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A glance at some of the day's highlights from the Proactive Investors newswire
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It is the second time Trump has mentioned the issue of high oil prices, having previously mentioned it in April