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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