Arc Minerals (AIM:ARCM), in a letter to investors, said that drilling at its Virgo Project in Botswana is scheduled to get underway in August, with the preceding geophysical programme close to completion.
The African copper exploration company has extended its induced polarisation (IP) survey coverage at Virgo to better define targets along the D'Kar Formation-Ngwako Pan Formation contact, and results are expected to be announced shortly.
A drilling contractor selection is expected during July, with the programme designed to test priority targets identified through integration of the expanded IP survey, magnetic survey and geological interpretation.
In Zambia, Arc concluded a comprehensive Settlement Agreement during the quarter, resolving all outstanding legal disputes related to its Kabompo West project, with consent judgements being filed with Zambian courts.
The company is pursuing a dual-track approach at Kabompo West, holding strategic discussions with major mining companies over potential partnership or disposal options while simultaneously conducting a technical review of its geological and drilling database, including assessment of AI-assisted interpretation tools.
"We have made significant progress in the second quarter across both Botswana and Zambia," said CEO Rémy Welschinger.
Virgo remains the only junior-held licence package within MMG's Zone 5 Corridor on the Kalahari Copper Belt.
