Argonaut announce new exploration program

Date: 29th July 2010
Project: Alford
Organisation: Argonaut Resources
ASX: ARE
Highlight: $1.3 million drilling program to begin
Contact for project work: 02 9268 5188

Argonaut resources has announced they are undertaking a $1.3 million exploration program at its Alford project on the Yorke Peninsula. The program will involve diamond core drilling of a series of high magnetic intensity anomalies. The primary focus of the exploration is to identify copper-gold deposits.

There is some anticipation around the exploration program as a large copper-gold deposit was recently announced at the Hillside Project some 80km away.

This project is an opportunity for firms providing

• Drilling services
• Equipment supply
• Site services

For more information visit:
www.argonautresources.com/

Copper discovered at Hillside

Date: 29th July 2010
Project: Hillside
Organisation: Rex Minerals
ASX: RXM
Highlight: Maiden copper-gold deposit
Contact for project work: 03 5337 4000

Ballarat based Rex Minerals has confirmed the discovery of a shallow copper-gold mineralisation near Ardrossan on the Yorke Peninsula. The deposit has multiple advantages such as the close proximity of existing infrastructure including major roads, power supply and port facilities, as well as the mineralisation beginning close to the surface.

The mineral resource estimate is 700,000t of copper and 650,000 oz of gold. The detection of metallic anomalies nearby indicates further exploration of the area will likely increase the size of the mineral resource.

Rex Minerals are now undertaking conceptual mining studies to show the potential of the project to fit within a large scale open pit design. This involves mineral resource estimation and nearby exploration potential for the purpose of mine life planning. More detailed metallurgical and mining studies are planned for the second half of 2010.

This project is an opportunity for firms providing

• Drilling services
• Engineering
• Equipment supply
• Site services

For more information visit:
www.rexminerals.com.au

Underground expansion at Prominent Hill

Date: 27th July 2010
Project: Prominent Hill
Organisation: OZ Minerals
ASX: OZL
Highlight: $135 million to be spent on new underground mine
Contact for project work: Prominent Hill Office (08) 8229 6600

The board of OZ Minerals have approved the construction of a new underground operation at their Prominent Hill mine in northern South Australia. All government approvals have been granted.

Preproduction expenditure on construction and other costs is expected to be $135 million. Construction will begin immediately with an instant need for a drilling contractor for the construction of ventilation shafts. First production is expected to be in the last quarter of 2011, with full production achieved in the second half of 2012.

The new mine will exploit the copper deposit to the west of the main open cut mine and will contribute an average of 25,000t of copper and 12,000oz of gold each year. The ore will be processed using the existing facilities established to process the ore from the main pit. The chalcocite-bornite deposit will be mined using sub-level open stoping techniques. The mine life of the underground western copper deposit is expected to be 5 years.

Exploration for similar deposits in the surrounding districts continues.

This project is an opportunity for firms providing

• Drilling services
• Engineering
• Construction
• Metal fabrication
• Equipment supply
• Mining contractors
• Site services

For more information visit:
www.ozminerals.com/