Proactive Investors - Run By Investors For Investors

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.”

View full ARE profile View Profile

Argonaut Resources NL Timeline

Related Articles

Manganese
March 07 2019
The manganese focused company’s $5 million capital raising will close on March 22.
map of projects and drill rig picture
January 24 2019
The company is focused on the Redmoor Tin-Tungsten Project and Otago Gold Project.
Gold nugget
November 22 2018
Such is the size of the two nuggets, they are now touring the world’s museums as curios

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use