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Argonaut Resources NL

Argonaut Resources welcomes positive news near Torrens JV; assays pending

The Torrens region has been subject to several high-profile announcements and results recently.

drilling
Argonaut is expecting drilling assays from the Torrens JV

Argonaut Resources NL (ASX:ARE) has welcomed the positive results from Auroch Minerals Ltd’s (ASX:AOU) review of its recently-acquired Torrens East Copper Project in South Australia.

Auroch’s review of historical geophysical, geological and drilling data for the Torrens project has identified potential target areas for follow-up exploration.

Interestingly, Auroch’s exploration tenure is a likely eastern extension of the large Torrens JV (70% Aeris Resources; 30% Argonaut) gravity anomaly.

READ: Argonaut Resources and partner drill first hole at Lake Torrens; encouraging geology intersected

Earlier this month, Torrens JV completed the first drill hole in their phase I drilling program at Lake Torrens within the Torrens Exploration Project.

Preliminary geology observations from the first drill hole include a 60-metre wide intersection with hematite, potassium feldspar, and sericite altered non-magnetic interval. Final assays are pending.

Core photo showing dark grey hematite bands within a potassium feldspar and sericite dominant alteration assemblage

Auroch chief executive officer Aidan Platel said: “The company has completed an initial compilation and review of historical peer and government data with the company eager to begin exploration work on what we believe to be a highly-prospective project.

“The Torrens region has been subject to several high-profile announcements and results with recent peer exploration providing a blue-print for Auroch’s exploration plans.”

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'The shackles are off Torrens' as Argonaut Resources receives final approval...

Lindsay Owler, chief executive at Argonaut Resources NL (ASX:ARE), tells Proactive's Andrew Scott they've received the final approval required for a major drilling program at the Torrens project in South Australia. An application under section 23 of the Aboriginal Heritage Act 1988 has...

on 20/2/18

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