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Auroch Minerals Ltd.

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Summary

Project:

Arden

Deposit:Ragless Range
Location:Australia
Commodities:Zinc-Lead
Date:11/15/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-11-2018: Auroch Minerals Ltd. announces an Exploration/Drilling Update report for its Ragless Range deposit at the Arden project. Drilling results incl. 8.15m @ 7.52% Zn, 0.02% Pb from 57.65m. Auroch Minerals Limited (Auroch or the Company) is pleased
Resources:x
CP/QP:[Overall Report]: Peter Sheehan (Internal)
ABSTRACT:Auroch Minerals Limited (Auroch or the Company) is pleased to announce the Company has successfully completed its maiden drilling programme at the Arden Project, in South Australia, with all ten drill-holes encountering horizons of Sedimentary Exhalative (SEDEX) zinc and/or copper mineralisation. “The Company has exceeded its objectives in our maiden drill programme at the Arden Project. Despite challenging drilling conditions, results not only confirmed SEDEX mineralisation previously defined by Kennecott at the Ragless Range Prospect, but identified up to three horizons of SEDEX zinc mineralisation over 3km of strike, which remains open in all directions. More importantly, the model for mineralisation suggests the large metal inventory contained in these SEDEX horizons may be concentrated/upgraded to economic grades where they are intersected by major structures. This is supported by the fantastic highgrade result in drill-hole RRDD-007, which is situated close to a large-scale fault interpreted from the aeromagnetics. We now have obvious target areas to focus our follow-up exploration programmes in the first half of 2019.”- Chief Executive Officer, Aidan Platel. Ragless Range Prospect Drilling at the Ragless Range Prospect was designed to confirm the SEDEX zinc horizon initially discovered by Kennecott (Rio Tinto Group) via surface trenching and shallow percussion drilling between 1966 - 1972. Auroch drilled eight (8) diamond drill-holes into the Ragless Range Target, focussing on the historic Trench 7 where Kennecott achieved its best results, and then stepping along strike to the north and south to test the strike and depth extents of the mineralised horizon(s). All eight drill-holes successfully intersected the SEDEX zinc horizon previously identified by Kennecott, confirming a strike length of more than 3km and a vertical depth of at least 220m. The drilling further intersected another two SEDEX zinc mineralised horizons that had not previously been identified, increasing the potential scale of the SEDEX base-metal system at the Arden Project. Importantly, all three horizons remain open in all directions. Table 1 summarises the best significant zinc intercepts from the Ragless Range drilling, including RRDD-007 reporting 8.15m @ 7.52% Zn & 0.02% Pb from 57.65m (a full table of significant zinc intercepts is included in Appendix B).

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