Assay results from first drill hole at Kroombit

15 October 2007 | 04:40 Code : 15629 Geoscience events
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Argonaut Resources NL has received preliminary, incomplete results for the company’s....

  Argonaut Resources NL has received preliminary, incomplete results for the company’s first drillhole at the Kroombit zinc-copper deposit in Central Queensland.KRRC1 was drilled to a depth of 200m as part of the confirmatory drilling program at Kroombit tenements ML5631 and EPM15705. This program is designed to confirm the presence of zinc and copper mineralisation reported in holes drilled at Kroombit during the 1960s and 1970s.These results indicate the following intersections in the first Argonaut hole KRRC1: KRRC1: 7m at 3.7% zinc from 16m;  KRRC1: 9m at 7.1% zinc from 33m; and KRRC1: 19m at 4.26% zinc from 46m.The results from three contiguous samples between 42m and 45m in hole KRRC1 are not presently available. According to the company, these results may improve the intercepts reported above. The company expects results from the balance of 715 samples from the first batch over the next three to four days with the remaining 775 samples to be received in approximately two weeks.

tags: QAZVIN


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