23rd Aug 2022 10:57
African Pioneer PLC - exploration company with projects in Namibia, Botswana and Zambia - On four exploration licences on the Central Africa Copperbelt in Zambia, notes that pXRF assay results on the first batches of soil samples over targets within the licences have revealed "significant copper anomalies".
The targets defined so far reflects a cumulative strike length of anomalous copper in soils.
Mapping and sampling has been completed on the anomalies, allowing for the start of immediate aircore drilling to pre-define targets for detailed diamond drilling.
The projects are being explored under an exploration programme entered into with First Quantum and African Pioneer Zambia, an 80% subsidiary of African Pioneer.
"We are very pleased that our partner has commenced exploration and largely completed phase one fieldwork and is already embarking on drilling. We look forward to receiving further results from the geochemical soil surveys and drilling results in due course," says Executive Chair Colin Bird.
Current stock price: 2.15 pence, up 10% on Tuesday
12-month change: down 2.3%
By Dayo Laniyan; [email protected]
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