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Argonaut Resources NL
Summary
| Project: | Higginsville | |
|---|---|---|
| Deposit: | Higginsville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-11-2017: Argonaut Resources NL announces an Exploration/Drilling Update report for its Higginsville deposit at the Higginsville project. Drilling results incl. 11m @ 2.76g/t Au from 77m. Argonaut Resources NL (ASX: ARE) (Argonaut or the Company) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lindsay Owler (Internal) | |
| ABSTRACT: | Argonaut Resources NL (ASX: ARE) (Argonaut or the Company) is pleased to announce drilling results from two gold prospects at Higginsville in the Eastern Goldfields, WA. The tenements that make-up the Higginsville project are in Western Australia’s Eastern Goldfields (Figure 1). Geologically, the package sits within the Norseman-Wiluna Belt, a belt of ancient rocks endowed with gold and nickel that sits within the broader Yilgarn Craton. Approximately 70% of Australia’s historical gold production has come from the Yilgarn Craton and most of that from the Norseman-Wiluna Belt. The Higginsville Project is located south of Kambalda, west of Lake Cowan and adjacent to Higginsville (Figure 2) where over two million ounces of gold has been historically defined. The package of tenements at Higginsville is held by Loded Dog Prospecting Pty Ltd. Argonaut and Loded Dog Prospecting are parties to an earn-in joint venture agreement which grants Argonaut the right to earn up to 80% of the tenements in two phases. The earn-in agreement is currently in the first phase. Argonaut’s goals are to explore for near-surface oxide gold in areas with historic shallow drilling results and to target deeper primary gold mineralisation at previously untested depths. The Amorphous and Footes Find targets are located approximately 5km along existing roads from an operating mill (Figure 2) and present an excellent opportunity for a meaningful, near-term exploration outcome. | |
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