Argonaut Resources NL (ASX:ARE) has waited a long time to get the drill bit spinning at Lake Torrens and as of January 2019, drilling has commenced.
The large Torrens copper-gold anomaly has a footprint larger than the nearby Olympic Dam iron oxide-copper-gold (IOCG) project of BHP Group Ltd (ASX:BHP).
CEO Lindsay Owler will present to investors at the Sydney CEO Session on Monday, February 18 and at the Melbourne session on Tuesday, February 19.
A major drilling program with joint venture partner Aeris Resources Ltd (ASX:AIS) began on 20 January 2019.
Stage one of this program will comprise 8-10 drill holes to depths of 700-1,500 metres.
IOCG targets have been identified from gravity modelling and geological interpretation.
READ: Argonaut Resources and partner have drill spinning at large Torrens copper-gold anomaly
Argonaut’s CEO Lindsay Owler said: “The hunt for copper under Lake Torrens is finally underway.
“The Argonaut board is thrilled to have reached this milestone after pursuing access approvals for so many years.
“The high-grade copper discovery nearby at Oak Dam West confirms what Argonaut management has always believed: the Stuart Shelf has a huge copper endowment.”
In November 2018 BHP made the Oak Dam West copper discovery located 40 kilometres southwest of Torrens reinforcing the prospectivity of the Stuart Shelf and the merits of Torrens exploration model.
Register for the CEO Sessions today to find out more.
Sydney details, Monday, February 18, 2019
Melbourne details, Tuesday, February 19, 2019
Also featuring at both sessions will be Kazia Therapeutics Ltd (ASX:KZA), AdAlta Ltd (ASX:1AD), Peninsula Energy Ltd (ASX:PEN) while Theta Gold Mines Ltd (ASX:TGM) is on the Sydney program and Anatara Lifesciences Ltd (ASX:ANR) is on the Melbourne program.
