Sunday, May 24, 2009

Argonauts set the sails

Lets think about a tenement fifty kilometres from Teck Cominco's Carapateena copper/gold discovery and 75 kilometres from BHP Billiton's Olympic Dam monster. The prospect contains the sort of magnetic and gravity anomalies that get explorers for so-called iron oxide copper gold (IOCG) deposits excited.
What's more, the group that discovered Olympic Dam (now BHP) — dug some holes into the property and intersected "intense magnetite and haematite alteration typical of Olympic Dam and Carapateena".(Thanks to Barry Fitzgerald for his help there.)

And now after the downturn the tenement owners are valued at less than 10c.
Deeplode is checking out Argonaut Resources very carefully. Add its very prospective ground in Laos.

And Kroombit is a looming, and I mean a looming, positive...Some research would be advisable. ARE is a watch indeed.About to run. Like this week!
Deeplode has no idea and posts on his blog for fun!!

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