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Prospect Resources Starts Phase Three Drilling Program at Zambia Project

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Prospect Resources (ASX:PSC) started its third-phase drilling program at the Mumbezhi project in Zambia, comprising roughly 60 diamond core holes, 30 reverse circulation holes, and 320 scout air-core holes, according to a Wednesday filing with the Australian bourse.

The program, which covers about 26,000 meters of drilling, will target extension of the current indicated and inferred Mumbezhi mineral resource and maiden resources in key prospect areas, the filing said.

Test work programs have been scheduled to support an initial scoping study for the project slated for the year-end, per the filing.

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