Next Investors logo grey

Auroch announces earn in copper-zinc joint venture in the Land of the Giants

Published 27-MAR-2017 11:35 A.M.


3 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Auroch Minerals (ASX: AOU) has announced a new Joint Venture to earn up to 75% of the Alcoutim Project, a significant Cu-Zn-Pb-Au-Ag opportunity in south-eastern Portugal located immediately along strike from the high profile Neves Corvo Mine in the western half of the world famous Iberian Pyrite Belt (IPB).

The IPB is one of the largest and most significant mining districts in the world, renowned for its polymetallic (copper-zinc dominant) Volcanic Massive Sulphide (VMS) deposits with over 80 known deposits and resources totalling in excess of 1.7 billion tons. Amazingly the Rio Tinto deposit has been mined since circa 1200BC and the world’s second largest mining company was founded in Britain in 1873 to mine copper at the Rio Tinto, deposit near Huelva in southern Spain.

Although, it should be noted that AOU is an early stage play and those considering this stock for their portfolio should seek professional financial advice.

AOU certainly appears to be earning into a highly prospective region and on this note Chief Executive, Doctor Andrew Tunks said, “The district is home to 10 giant deposits and three Super-Giant deposits in Neves Corvo (8 million tonnes contained copper-zinc metal), Aljustrel (8 million tonnes contained copper-zinc metal) and the original Rio Tinto mine with contained copper and zinc metal of more than 3 million tonnes.”

The following map highlights the close proximity of the Alcoutim Project to others substantial deposits situated along an already established and understood geological trend.

Next Investors Image

The Alcoutim Project is immediately along strike and down plunge from Lundin Mining’s Neves Corvo deposit which based on the Lundin Mining 2016 Resources and Reserves report is rich in copper and zinc.

The Neves Corvo mine’s copper zones are estimated to be 90,551 million tonnes grading 2.5% copper, 1.1% zinc, and 116 million ounces of silver grading 43 grams per tonne based on resource statements released by the operator Lundin mining.

The zinc zones are estimated at 118,205 million tonnes grading 5.9% zinc, 0.3% copper and 216 million ounces of silver grading 57 grams per tonne.

Exploration has continued at Neves Corvo since the initial discovery in 1977 and even recently new orbodies are being discovered within this amazing deposit. Semblana a copper rich zone was discovered in 2010 with intercepts such as;

  • PSN44A-1 11.1m @ 14.6% Cu, 1.61% Sn & 133 g/t Ag
  • PSN42 13.6m @ 1.9% Cu, 2.64% Zn, 56 g/t Ag & 1.15 g/t Au
  • PSM46B-1 20.5m @6.1% Cu, 4.0% Zn, 110 g/t Ag & 0.23 g/t Au

Given the Alcoutim tenements lie directly along strike and down plunge of the Super-Giant Neves Corvo mine, and multiple coincident magnetic-gravity and electromagnetic anomalies have been identified, AOU intends to immediately conduct diamond drilling to test these targets.

From a broader perspective, Portugal is a mining friendly jurisdiction with first-class infrastructure, transparent mining laws and judicial security.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.