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Auroch Minerals (ASX: AOU)

Auroch Minerals (ASX:AOU) has now begun drilling for copper and zinc in the Iberian Pyrite Belt.

The Belt is one of the world’s most expansive and significant mining districts and plays host to the super-giant deposits of La Zarza and the original Rio Tinto mine, where it acted as the springboard for Rio’s success.

The area is known as the Land of the Giants due to the presence of nine giant (>100Mt) and three super-giant (>200Mt) volcanogenic massive sulphide (VMS) ore deposits.

The tightly held AOU has begun drilling at its Alcoutim Project, a 576 km2 area immediately along strike and down plunge from the $5.4 billion capped Lundin Mining’s giant Neves Corvo deposit — one of the world’s greatest minerals deposits, containing over 200 Mt of ore.

AOU has identified 22 targets and is currently drilling five diamond drill holes for a total of 5,600m.

The company commenced drilling ahead of schedule and its first assay results are now just around the corner.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

With copper expected to bounce back this year and zinc performing well, AOU is not only well placed in the region it is exploring, but with the commodities it is exploring for.

Currently capped at a tiny $15.4M, but with $7.8M in cash at hand, this company could now be on the verge of another giant mineral discovery, which could give it the leg up it needs to join existing giants in the region.

 

Latest Article

AOU Commences Copper Zinc Drilling in the Land of the Giants

Auroch Minerals (ASX:AOU) has just begun drilling for copper and zinc in one of the world’s most expansive and significant mining districts – the Iberian Pyrite Belt. Renowned for its poly-metallic (copper-zinc dominant) deposits, this district is home to over 80 known deposits and resources totalling more than 1,700 million tons of mineralised ore.

May 19, 2017 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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