Shuka Minerals Plc reported a high-grade zinc intercept of 69.6% at its Kabwe Zinc Mine in Zambia, based on portable XRF readings from drill hole KBDD11. The eleventh hole in the exploration program reached a depth of 155.30 meters and was drilled at an 80-degree dip on an azimuth of 350 degrees, targeting a previously untested orebody south of the Speaks and Mine Club zones.
The drilling phase, now extended to 2,500 meters, has identified multiple mineralized intervals. The first interval spanned 18.4 meters at 7.45% zinc from 3.3 to 21.7 meters depth, with a peak reading of 18.9% zinc and 0.61% copper. A second interval measured 27.1 meters at 19.60% zinc from 68.9 to 96.0 meters depth, including a basal zone of 6.1 meters at 5.07% lead. An intermediate zone of 47.2 meters carried zinc grades between 0.4% and 3.1%.
These results follow the Behre Dolbear 2023 NI 43-101 resource estimates, which estimated 1.944 million tonnes at 12% zinc and 2% lead in the Speaks Orebody and 0.666 million tonnes at 11.7% zinc and 0.8% lead in the Mine Club Orebody. The company has indicated that further assay results are pending, with certified laboratory analysis required to confirm the portable XRF readings.
