HomeBase MetalsNew drill intercepts show encouraging results for Zambian copper mine

New drill intercepts show encouraging results for Zambian copper mine

New intercepts have been found following a drill hole of 102 m in Kabikupa, north west Zambia. Australian based exploration company Argonaut and its partner, Chilean based operator Antofagasta have returned 17.4 m at 1.18% copper within a broader intercept of 39m at 0.61% copper.

The Kabikupa region was initially defined with soil sampling earlier in 2014 and along with the anomally of copper flowers being present indicated positve results. Copper flowers have long been used as a prospecting tool as thes plants can withstand high levels of copper in the soil. The flowers were mapped as recently as September 2014.

The target is adjacent to a granite structure which, during deformational events, had the potential of allowing structural traps for mineralised fluid.

Four holes have now been drilled and the remaining three await analysis.

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