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

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