viewAuroch Minerals Ltd

Auroch Minerals higher on start of surface copper sampling program at Arden

The company believes there is a great potential for the sampling program to define a significant strike length of high-grade copper at the surface at the South Australian project.

Auroch Minerals Ltd - Auroch Minerals higher on start of surface copper sampling program at Arden
Sampling will cover a regional trend along strike from the high-grade trend recently identified by Taruga Minerals

Auroch Minerals Ltd (ASX:AOU) is at a new two-year high after started a soil and surface rock-chip sampling program at prospective copper trends of the Arden Copper Project in South Australia.

This program comprises surface rock chip sampling and soil sampling across a regional trend identified by aeromagnetics.

The trend extends from Taruga Minerals Ltd’s (ASX:TAR) tenement to the north down to the historic artisanal Mt Arden copper mine to the south.

Earlier this year Taruga defined a high-grade copper trend in soils and surface rock chip samples over a prospective trend 15 kilometres long.

Shares higher

AOU shares are more than 14% higher at 12 cents, a new high of more than two years.

“Excited” to restart exploration

Auroch managing director Aidan Platel said: “We are excited to recommence exploration at our Arden Project in South Australia.

“We are encouraged by the fantastic success of our neighbour Taruga Minerals through their definition of several high-grade copper trends in their tenure.

“We have reviewed our high-resolution aeromagnetic data and can see those same structures extending south into our tenement and down to the Mt Arden region, where we know from our earlier sampling programs there is high-grade copper outcropping at surface.

“There is great potential for this sampling to define a significant strike length of high-grade copper at the surface at Arden, and we have already identified further potential copper-rich areas within our tenure that will be covered with surface sampling programs following this initial program.”

Planned surface sampling program over magnetic trend (dashed line) from the high-grade results at Mt Arden and the high-grade copper trend identified by Taruga to the north.

In 2018 Auroch’s surface rock-chip sampling program of outcrops near Mt Arden produced high-grade copper results, including 20.4%, 15.25%, 8.55% and 5.52% copper.

The current program will extend the previous programs along the magnetic trend to the north towards Taruga’s neighbouring tenement.

Surface sampling

The company has started the sampling at Lady Margo prospect, where ferruginised limestones and ironstone gossans were observed during field mapping.

Auroch’s program will take about three weeks, after which further prospective trends in the east and northeast of the Arden tenure will also be sampled.

Location of Auroch’s Arden, Bonaventura and Torrens East projects in South Australia.

After completing the initial work, the company will then move to cover other areas of the Arden tenure that have been identified as highly prospective for copper, including the trend to the northeast of Kanyaka prospect, where rock chip samples in 2018 produced results up to 12.4% copper.

Quick facts: Auroch Minerals Ltd

Price: 0.165 AUD

Market: ASX
Market Cap: $38.16 m

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