Auroch Minerals confirms promising mineralisation

By Trevor Hoey. Published at Aug 4, 2017, in Small Caps

Shares in Auroch Minerals (ASX:AOU) have surged 15% in just over a week, predominately driven by promising news regarding drilling activity at its Alcoutim project located in Portugal.

Of course, it should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

This momentum could continue based on news that was released on Friday morning which indicated further progress had been made with the second hole which intersected the Volcanic Sedimentary Complex (VSC) sequence of altered and brecciated volcanic rocks that are host to the Volcanic Hosted Massive Sulphide (VMS) style mineralisation throughout the Iberian Pyrite Belt.

This was a highly promising development for AOU as multinationals that are producing from a region which is along trend from the Alcoutim project have had success in similar geological formations.

What is important about today’s news is that the VSC which was intersected by drilling to a depth of 830 metres is now even more significant, as management’s strategy of drilling a further 250 metres downhole demonstrated that there was a sequence of submarine pillow lathers that form part of the volcanic sedimentary complex.

Deeper drilling confirms presence of promising mineralisation

In commenting on this development, AOU’s Chief Executive, Doctor Andrew Tunks said, “The hole intersected a thick pile of mafic-basaltic layers from 830 metres through to the end of the hole (1088 metres), and preliminary analysis suggests these are strongly magnetic and are the source of the Foupana Magnetic anomaly, more importantly they are also a large volcanic heat engine to drive the ore forming process.

Within the Alcoutim license there is a major magnetic anomaly known as the Foupana magnetic anomaly that is clearly a major volcanic centre, and this volcanic centre remains one of the main target areas for the group’s exploration.

Notably, the very strong Foupana magnetic anomaly in the east of the license lies directly along the Neves-Corvo trend and is associated with significant electromagnetic and gravity anomalies.

Consequently, this latest drillhole points to the fact that AOU has encountered similar mineralisation to that which hosts the supergiant Neves-Corvo copper-zinc mine operated by Lundin Mining.

Alcoutim copper project

Imminent drilling of third hole a crucial stage in AOU’s exploration

The third borehole of this first phase of drilling is positioned between the Foupana magnetic anomaly and the Neves-Corvo supergiant deposit, and in line with that trend as indicated above.

The hole-3 target combines the key geological and geophysical elements which led to the discovery of Neves-Corvo, coincident gravity and electromagnetic anomalies.

The borehole will target black shales of the Neves Formation at depths of between 700 metres and 800 metres. Intense sulphide mineralisation at the formation is expected due to clearly positive signals from two different types of electromagnetic surveys (ground EM and AMT).

Management also noted an additional factor that supported its confidence in that a coincident large gravity anomaly confirmed the prospectivity of the drill target. A typical stratigraphic column is illustrated below.

Alcoutim project mineralisation

View Our Investment Portfolios

S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!