Aeris Resources (ASX: AIS) has announced the identification of 28 gravity anomalies at its Torrens project, located in South Australia. The technical work required to identify areas with the potential to host an iron oxide copper gold deposit is progressing, and is currently focused on three key areas; geophysical modelling, structural geology interpretation, and detailed logging of existing drill core data.
- Geophysical modelling has identified 28 gravity anomalies Aeris Resources (ASX: AIS) is pleased to provide an update on the Torrens Project in South Australia. The technical work required to identify areas with the potential to host an IOCG deposit are progressing. The technical work is currently focused on three key areas:
1. Geophysical modelling
- identify geophysical signatures consistent with an IOCG system
2. Structural geology interpretation
- Identify structural features with the potential to host an IOCG system
3. Detailed logging of existing drill core data
- Review existing drill core data utilising independent experts as required to identify and confirm signatures consistent with an IOCG system
A common feature consistent with known Iron Oxide Copper Gold (IOCG) deposits within the Gawler Craton, i.e. Olympic Dam, Prominent Hill and Carrapateena, are their association with a gravity “high” geophysical anomaly. Within the Torrens Project modelling efforts have identified 28 gravity anomalies (+/- coincident magnetic anomalies) from the Falcon airborne gravity dataset. The identification of 28 anomalies is very exciting and supports previous assertions that the tenement is highly prospective for IOCG mineralisation.
Additional information regarding the geophysical modelling work can be obtained from Argonaut Resources’ (ASX: ARE) ASX announcement “Torrens Geophysical Results Show Numerous Large IOCG Targets” (dated 16 July 2018). Argonaut Resources are the joint venture partner (30%) in the Torrens Joint Venture project.