https://www.engineeringnews.co.za

‘Major’ drilling programme approved for Torrens

17th September 2018

By: Creamer Media Reporter

     

Font size: - +

The management committee of the Torrens joint venture (JV) – a 70:30 Aeris Resources and Argonaut partnership – has approved Stage 1 of a “major” drilling programme at the iron-oxide/copper/gold project, in South Australia.

Stage 1 will involve eight to ten drill holes to depths of between 700 m and 1 500 m, targeting priority drill targets. 

This drilling programme will be the first phase of a multi-phase programme that is expected to take between 18 and 24 months, comprising 20 to 30 deep drill holes. 

“The road to drilling at the giant Torrens target has been a long one and agreement on the operational programme and budget is the final step. Shareholders can now expect rapid progress towards drilling and the excitement that this drilling programme will bring,” said Argonaut CEO and director Lindsay Owler.

Argonaut’s subsidiary, Kelaray, has resigned as manager of the JV and Aeris’ subsidiary, Straits Exploration, is now the manager.

Aeris has agreed to reimburse Argonaut $840 000 for JV expenditure made in gaining access to Torrens for the planned drilling.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 0.53s - 140pq - 2rq
Subscribe Now