- Auroch Minerals (AOU) confirms the potential for copper and rare earths at the Arden project in South Australia
- AOU has been undergoing field exploration to investigate the project’s rare earth element (REE) potential, completing mapping, rock chip and soil sampling over priority areas
- Assays received for nine rock-chip samples returned anomalous total rare earth oxide results of up to 362 parts per million, confirming the REE prospectivity at the Hawker and Kanyaka prospects
- The assays also identified a third area that is considered prospective for REE mineralisation, dubbed Mt Arden, which returned results of up to 588 parts per million total rare earth oxides and eight per cent copper
- Auroch Minerals is up 1.69 per cent to end the day trading at six cents
Auroch Minerals (AOU) has confirmed the potential for copper and rare earths at the Arden project in South Australia.
The company has been undergoing field exploration in the area to investigate the project’s rare earth element (REE) potential, completing mapping, rock chip and soil sampling over priority areas.
The first phase of soil sampling has now wrapped up, with over 400 samples collected and sent off for laboratory analysis in Adelaide.
Meanwhile, assays have been received for nine rock-chip samples collected during August. These returned anomalous total rare earth oxide results of up to 362 parts per million, which confirmed the REE prospectivity at the Hawker and Kanyaka prospects.
The assays also identified a third area that is considered prospective for REE mineralisation, dubbed Mt Arden, which returned results of up to 588 parts per million total rare earth oxides and eight per cent copper.
A second phase of soil sampling has now been scheduled for late October. The results from this will be used in conjunction with the existing geophysical and geological data to plan drill holes to test for rare earth element mineralisation.
“We are extremely pleased with how our REE exploration at Arden is advancing,” Managing Director Aidan Platel said.
“In the space of only a few months, we have been able to identify several areas that we believe have great potential to host significant REE mineralisation.
“The soil sampling is part of the systematic approach to better define drill targets, and we look forward to receiving the results in early November.”
Auroch Minerals was up 1.69 per cent to end the day trading at six cents.