Prospect Resources Intersects Copper at Zambia Project; Shares Fall 6%

Prospect Resources (ASX:PSC) intersected copper mineralization from an ongoing phase one drill program at the Mumbezhi copper project in Zambia, according to a Monday filing with the Australian bourse.

The program extended mineralization at the Nyungu Central deposit with yields of up to 12 meters at 1.1% copper from 36 meters, the miner said in the filing.

Shares of Prospect Resources fell almost 6% in recent Monday trade.

Price (AUD): $0.10, Change: $-0.0060, Percent Change: -5.71%