5.4 C
Belgrade
17/04/2024
Mining News

Arcadia Minerals strikes sulphide copper and gold at Gamikaub, Namibia

Arcadia Minerals (AM7) has intersected sulphide copper and gold mineralisation at its Gamikaub prospect within its Karibib project in Namibia.

The company has received assays from its recent reconnaissance drilling campaign, where 10 holes were drilled targeting the calcium silicate and marble units previously identified at the Gamikaub prospects.

Supported by

From the ten holes drilled, two intersected significant mineralisation including four metres at 1.35 per cent copper and 0.68 grams per tonne (g/t) gold. Another hole intersected four metres at 1.98 per cent copper and 0.92 g/t gold, as well as 0.72 per cent tungsten.

Arcadia CEO Philip le Roux said the company was satisfied with the results from its first reconnaissance drilling program at Karibib.

“The drilling program confirmed that significant sulphide mineralisation is present in the area and provided us with meaningful information to guide our exploration efforts over the Gamikaub prospect and elsewhere over the 20-kilometre metasedimentary structure,” Mr le Roux said.

“Although the mineralisation we encountered was over modest widths, it points to the possibility of wider areas of mineralisation being encountered elsewhere on the 20-kilometre metasedimentary structure.”

The company said drilling only covered a three-kilometre-by-one-kilometre section of the 20-kilometre-by-two-kilometre metasedimentary structure defined.

The results will guide additional drilling in the area, aimed at intercepting similar mineralisation but at wider intercepts.

 

Source: The Market Herald

Related posts

Contemporary Amperex Technology reports strong Q1 profits on lower raw material costs, eyes break-even for German factory

David Lazarevic

Kazakhstan emerges as key lithium supplier amid growing global demand

David Lazarevic

China’s ambitious Sahara mine project: Rethinking iron ore sources amid economic shifts

David Lazarevic
error: Content is protected !!