SKA Operational Update Bullish
SHUKA MINERALS PLC - Kabwe Drilling (KBDD04) shallower hole hits western extension
Shuka Minerals Plc
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What this filing means
Shuka Minerals reported high-grade preliminary zinc intercepts from its fourth Kabwe drill hole, though the hole was terminated early after hitting a historical mining void and results remain unverified by lab assays.
Bull case
- Hole KBDD04 successfully intersected the western extension of the ore body, returning an arithmetic average of 6.86% zinc over a 13.0-metre interval.
- High-grade mineralization was identified, with point grades averaging 40.09% zinc in the uppermost 9 metres of the orebody and reaching a maximum of 53.0%.
Bear case
- The reported grades are based entirely on preliminary portable XRF readings and remain subject to independent JORC/NI 43-101 laboratory verification.
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