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

Inspection at Cangai property
April 28 2019
The company has the Cangai Copper Project in northern NSW as its flagship asset.
Pacific American Coal's Elko coking coal project in Canada
January 10 2019
The company drilled the project in 2018 and is waiting on laboratory assays.
A drill rig
January 18 2019
The Finniss lease also hosts the Grants deposit, which will host the project's first mine.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

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