Argonaut Resources NL (ASX: ARE) (Argonaut or the Company) is pleased to announce that geologists have observed significant intervals of visible copper mineralisation in drill core at the Nyungu Central copper-cobalt deposit in Zambia.
The company said the 2,800m diamond drilling programme at Nyungu Central deposit and the 1,500m RC drilling programme at Nyungu East copper anomaly are proceeding as planned at the Lumwana West project in Zambia.
Highlights
Nyungu Central – Resource Drilling with Exploration Upside
• In July 2021, Argonaut commenced a 2,800m diamond drilling programme at Nyungu Central and Nyungu South.
• Drill-core acquired to date contains significant intercepts of visual copper mineralisation in nine of ten holes
• Hole NYDD053 intercepted very significant visual copper mineralisation in the form of apparent chalcocite and native copper at 117.6m
• Oxide zone, transitional zone and primary zone copper mineralisation has been routinely observed in drill core. Copper content has been progressively confirmed by handheld XRF analyser.
• Ten drill holes have been completed under the Diamond Drilling Programme with the 11th hole in progress for a progressive 2,486m. Drilling is continuing.
• Drill hole NYDD062 was expected to drill through mineralisation by 250m depth but has continued to return visual mineralisation to depths of greater than 300m. The hole is currently at 308m.
• Samples are being progressively submitted and prepped in Zambia then air freighted to Australia for analysis.
• The objectives of this drilling programme are to:
- convert some of the current Exploration Target (130-180 million tonnes at 0.45 to 0.65% Cu containing 580,000 to 1,150,000t of copper plus cobalt credits) to JORC Resource,
- as well as to increase the scale of the overall known mineralisation at Nyungu.
Drilling samples are being progressively submitted to a licenced laboratory for analysis. Results will be reported by Argonaut on receipt. Nyungu East: RC Drilling Programme
• Argonaut has recently defined an intense copper anomaly at Nyungu East. The anomaly is defined by elevated copper in soil samples
• Peak copper in recently acquired soil samples is 2,100ppm Cu which is 8-10 times higher than peak values at the neighbouring Nyungu Central copper-cobalt deposit.
• Argonaut is drilling up to 1,500m of RC drilling at Nyungu East
• Six RC holes averaging 92m in depth have been completed to date.
Drilling is continuing.
For further information please visit: https://www.argonautresources.com/site/content/
