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Argonaut Resources and partner overcome drilling issue at Torrens Copper-Gold Project

The current drill hole is targeting a large coincident gravity and magnetic body interpreted from 1,200 metres below surface.

project map
Excellent drill rates have been achieved beneath the artesian aquifer

Argonaut Resources NL (ASX:ARE) and Aeris Resources Ltd (ASX:AIS) have successfully negotiated an artesian aquifer encountered while drilling at the Torrens exploration project in South Australia.

The JV (Argonaut 30% and Aeris 70%) is exploring for iron oxide-copper-gold 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: Argonaut Resources restarts drilling at large 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 and the modelled depth to the target zone is 1,200 metres.

The target zone is defined by a 3 square kilometre coincident gravity and magnetic anomaly interpreted from 1,200 metres below surface.

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