{"id":140909,"title":"Shuka Minerals Confirms High-Grade Zinc Intersections at Kabwe Pit 2","publisher":"Share Talk","author":"sharetalk","published":"2026-09-23T07:18:11+00:00","modified":"2026-09-23T07:18:11+00:00","canonical_url":"https://www.share-talk.com/shuka-minerals-confirms-high-grade-zinc-intersections-at-kabwe-pit-2/","markdown_url":"https://www.share-talk.com/shuka-minerals-confirms-high-grade-zinc-intersections-at-kabwe-pit-2.md","json_url":"https://www.share-talk.com/shuka-minerals-confirms-high-grade-zinc-intersections-at-kabwe-pit-2.json","category":"Mining","categories":["Mining"],"tags":["Alistair Muir","Dr. Allen Zimbler","Edenville Energy PLC","EDL","Gathoni Muchai Investments","Jason Brewer","Marc Nally","Mr Edward Ruheni","Noel Lyons Edenville","Richard Lloyd","Rukwa Coal Project","Shuka Resources Plc","southwest Tanzania","Zambian mining"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/09/660b7760-db5f-4e01-b42f-71313a621949.png?fit=1727%2C911&ssl=1","format":"news","language":"en-GB","content":"[Shuka Minerals Plc (AIM/AltX: SKA)](https://www.investegate.co.uk/announcement/rns/shuka-minerals--ska/kabwe-drilling-kbdd01-05-results/9785608) has received certified laboratory results from all five holes drilled at **Pit 2 of the Kabwe Zinc Mine**, confirming several high-grade zinc intersections and broadly supporting earlier pXRF indications.\n\nStandout results included **19.95m at 29.07% zinc from 221m in KBDD03**, 21.34m at 13.37% zinc from 206.06m in KBDD01 and 6.4m at 15.33% zinc from 335.6m in KBDD05.\n\nUsing a tighter 10% zinc cut-off, KBDD03 still returned **19.95m at 29.07% zinc**, while KBDD05 included **3.0m at 30.22% zinc**. Maximum individual laboratory assays reached **48.5% zinc** in both KBDD03 and KBDD05.\n\nShuka said it believes a **5% zinc cut-off** is more appropriate under current commodity and project assumptions than the historic 10% threshold, resulting in wider reported mineralised intervals. The eventual economic cut-off will depend on the final mining method and project economics.\n\nThe existing 2023 Behre Dolbear NI 43-101 report estimated the No. 2 orebody at **1.958 million tonnes of indicated and inferred resources grading 12% zinc and 2% lead to 300m depth**, within a broader estimated remaining tonnage of 2.956 million tonnes grading 11.5% zinc and 1.7% lead to 600m.\n\nChief executive **Richard Lloyd** said the latest drilling increases the board’s confidence that the historical resource at Pit 2 could be expanded by **at least 50%**.\n\nFurther laboratory analysis is still under way for **silver, vanadium, germanium and gallium**, which could provide additional information on potential by-product value.\n\nFor investors, the important development is that **certified ALS assays have now confirmed very high zinc grades rather than relying on preliminary pXRF readings**. However, the suggested 50% resource increase remains a company objective rather than a completed Mineral Resource update, and the economic significance of the wider 5% cut-off intervals will depend on future resource modelling, mining assumptions and metallurgical work."}