Aeris Resources Ltd (ASX:AIS) has successfully drilled through the artesian aquifer at its 70%-owned Torrens Exploration Project in South Australia with joint venture partner Argonaut Resources NL (ASX:ARE).
The JV is exploring for iron oxide-copper-gold (IOCG) systems in the highly-prospective Stuart Shelf region in SA with a heli-portable drilling rig drilling from custom-made pontoons to depths of 800-1,500 metres.
READ: Aeris Resources welcomes restart of drilling at Torrens copper-gold anomaly in South Australia
The current drill hole, TD10 commenced drilling on April 24 and intersected the artesian aquifer between 60 metres to 90 metres below the lake surface.
Drilling continued to 108 metres at which point casing was installed and cemented to surface ensuring the artesian aquifer was successfully sealed off and contained.
Excellent drill rates have been achieved beneath the artesian aquifer. TD10 had advanced to a depth of 297 metres as on May 4. The modelled depth to the target zone is 1,200 metres.
Plan view of the Torrens project area highlighting geophysical anomalies interpreted from the 2018 geophysical survey. Drill holes from the current drill program are denoted by red circles.
The target zone is defined by a large (3 square kilometre) coincident gravity and magnetic anomaly interpreted from 1,200 metres below surface.