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HomeFinTechArcadia Minerals: Completes RC drilling at Karibib, Namibia

Arcadia Minerals: Completes RC drilling at Karibib, Namibia

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Arcadia Minerals Completes RC drilling at Karibib, Namibia

  • Arcadia Minerals (AM7) completes a 10-hole reverse circulation (RC) drilling program at its Karibib copper-gold project in Namibia
  • The work was completed by Hammerstein Mining and Drilling, with 551 metres drilled to target lithologies known to contain mineralisation
  • Arcadia took 240 samples from lithologies, which it has now sent off to Scientific Services in Cape Town for assay, with results expected by the end of October
  • An electromagnetic survey is now underway to refine Arcadia’s understanding of the mineralisation and identify further drill targets
  • Shares in Arcadia are down 3.23 per cent and trading at 30 cents at 3:20 pm AEST

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