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Battery Age Metals (ASX:BM8) is trading up 7.5% on news it’ll send geological field teams to the El Aguila project in Argentina next week, to begin structural mapping, sampling and geophysical surveys to refine exploration target zones.
BM8’s CEO Nigel Broomham will head there too by mid next month, as the company is fast-tracking towards its maiden drilling campaign in H1 2025, pending necessary permits and land access approvals.
Battery Age significantly expanded its presence in Argentina with the recent farm-in
acquisition of the El Aguila project, building on its existing portfolio which includes the
King Tut project in the La Rioja Province, Argentina.
The El Aguila project spans 9,124ha in a prolific gold and silver producing region of Argentina.
Surface results up to 174.58g/t gold & 4,739g/t silver
More than 100 surface samples have already been analysed from the project, with results up to 174.58 g/t gold and 4,739 g/t silver.
The project is near multiple operating gold and silver mines and well-established mining infrastructure.
“The addition of the El Aguila project significantly strengthens our position in Argentina’s
premier gold districts,” Broomham said.
“The project exhibits outstanding geological potential, with high-grade gold and silver mineralisation already confirmed.
“With the favourable gold market, we are fully committed to accelerating exploration at El Aguila, fast-tracking our efforts to unlock its full potential and create value for our shareholders.
“With a strong technical team and a focus on systematic exploration, Battery Age Minerals is
well-positioned to unlock the full value of the El Aguila project.”
Planned works
The team plan to undertake soil and rock sampling, with geophysical surveys, including LiDAR, magnetic and IP surveys, to delineate subsurface structures.
Systematic trenching and channel sampling will be carried out to validate high-priority drill targets.
At the same time, Battery Age will be working to secure regulatory and land access approvals, initiating environmental reviews & permitting processes, and engaging with local landholders and the Santa Cruz Government.
Battery Age plans to expedite its maiden drilling campaign planning in 2025,
pending permitting and access approvals.
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