Auroch Minerals (ASX:AOU) - Managing Director, Aidan Platel
Managing Director, Aidan Platel
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Auroch Minerals (AOU) will begin a diamond drilling program at the Ragless Range zinc target at its Arden Project in South Australia
  • Earthworks are now underway following the completion of a site clearance survey undertaken by the Traditional Owners Nukunu Wapma Thura Aboriginal Corporation
  • Drilling will begin this week with between three to five diamond holes planned to test for previously identified sedimentary exhalative zinc mineralisation
  • Auroch will largely focus on a significant gravity anomaly that spends over two kilometres as it may indicate thickened mineralised horizons of high-grade zinc mineralisation.
  • Company shares are up 2.78 per cent on the market and are trading at 18.5 cents

Auroch Minerals (AOU) will begin a diamond drilling program at the Ragless Range zinc target at its Arden Project in South Australia.

The 1664-square-kilometre Arden Project lies within the base metal-mining region of South Australia and hosts a large underexplored area prospective for sedimentary exhalative (SEDEX) mineralisation.

Earthworks are now underway following the completion of a site clearance survey undertaken by the Traditional Owners Nukunu Wapma Thura Aboriginal Corporation.

Drilling will begin this week with three to five diamond holes planned to test for previously identified SEDEX zinc mineralisation.

Previous drilling in 2018 intersected 12.8 metres at 4.96 per cent zinc from 53 metres, including 3.65 metres at 15.47 per cent zinc from 62.15 metres.

Auroch will largely focus on a significant gravity anomaly that spans more than two kilometres, and which may point to thickened mineralised horizons of high-grade zinc mineralisation.

“Our first-pass drilling of the target area successfully intersected some very high-grade zinc mineralisation, and our follow up geophysical surveys have delineated a strong anomaly that warrants drill-testing,” Managing Director Aidan Platel said.

“The high-grade and potential scale of this zinc mineralisation make it a very exciting drill target and we look forward to kicking off the drill program later this week.”

Additionally, drilling is continuing at the Nepean Deeps target with the second hole beginning today.

Auroch was up 2.78 per cent with shares trading at 18.5 cents at 2:36 pm AEDT.

AOU by the numbers
More From The Market Herald
Caspin Resources (ASX:CPN) - CEO, Greg Miles

" Caspin Resources’ (ASX:CPN) early assays demonstrate highly prospective target at Serradella

Caspin Resources (ASX:CPN) has released early assay results from its drilling program at the Serradella Prospect…
The Market Herald Video

" Investigator Resources (ASX:IVR) intersects high-grade silver at Uno Morgans

Investigator Resources (ASX:IVR) has intersected up to 383g/t silver from its Uno Morgans project in South…
The Market Herald Video

" Chalice Mining (ASX:CHN) intersects new zone at Dampier, Julimar

Chalice Mining (ASX:CHN) intersects a new nickel-copper-platinum group elements (PGE) sulphide zone in initial drilling at…
The Market Herald Video

" Genmin (ASX:GEN) strikes royalty deal with Anglo American over Baniaka project, Gabon

Genmin (ASX:GEN) has struck a royalty agreement with Anglo American's subsidiary, Anglo American Marketing, over the…