jv target bigger than olympic dam signature

From Argonaut's website.
•Drilled by WMC in the early 1980s before the OD style of system was fully understood.
•Target is BIGGER than Olympic Dam signature a massive CU-Au target.
•Copper up to 1.3% in three holes drilled. magnetite/haematite OD-type chemical front.
•Main Native Title Claimant group signed clearance on 5 May 2004. Negotiating access agreements with two other claimant groups, drilling to commence on completion.
•Joint venture partner Straits Resources committed to spend AUD$ 7 million to acquie 70%.

ALSO NOTE BELOW EXPLORATION BEGINS NEAR KROOMBIT ON 17 AUGUST 2009.
THIS MONDAY.************************************
Argonaut Resources NL (ASX: ARE) is pleased to announce that a program of exploration work targeting additional deposits in the vicinity the company’s 100% held Kroombit zinc-copper deposit in Central Queensland will commence on 17 August 2009.