ORP 1.25% 7.9¢ orpheus uranium limited

laos nickel upgrade

  1. 116 Posts.
    Argonaut Resources NL (ASX: ARE) is pleased to announce the highest
    nickel grade intercepts to date at the Company’s Century tenement in
    Laos.
    The latest results include trenching intercepts of up to 22m at 1.0% Nickel
    across disseminated nickel sulphide mineralisation at the Nam Hone East
    prospect on the Century tenement.
    Argonaut is planning a concentrated drilling program on the Nam Hone
    East target during the next dry season which will commence early in
    November 2008.
    The new Nam Hone intercepts follow the 27 February 2008
    announcement of the discovery of disseminated nickel sulphide
    mineralisation in part of a mafic system approximately 3.5 kilometres long
    at Argonaut’s 223 square kilometre Century tenement which adjoins the
    Mekong River bordering Thailand in northwest Laos.
    In addition, three other significant nickel prospects have now been delineated
    on the Century tenement (Figure 1). On 26 March 2008, the company
    announced trenching intercepts at Vang Ma West prospect up to 28m at 0.55%
    Nickel from trench VMTR59.
    At Nam Hone East, Argonaut has now completed 13 trenches across areas with
    soil, hand auger, rock-chip sampling and channel sampling results greater than
    0.5% Ni. Analytical results for six of these trenches have been received
    confirming that bedrock trench samples contain potentially economic nickel
    grades in a sheared and serpentinised zone within the gabbroic intrusion
    (Figure 2). The mineralised shear-zones are sub-vertical and orientated roughly
    north-south.
 
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