Ajax Resources has moved into execution mode at its Eureka Gold and Copper Project, with drilling now imminent at one of its most prospective targets in Argentina.
The AQSE-listed explorer said it has begun mobilising a drill rig to the site, with drilling expected to start this week. The initial programme will comprise around 10 diamond drill holes for a total of approximately 1,500 metres, designed to test both shallow and deeper geochemical and induced polarisation (IP) anomalies.
The campaign will focus on targets thought capable of hosting sulphide-rich mineralisation and is located close to the historically productive Mina Eureka area—an old mining district that has never previously been drill tested. Surface sampling has already delivered encouraging signs, confirming high-grade copper oxides of up to 6.1% Cu.
If operations run to schedule, Ajax expects to receive preliminary assay results by the end of the first quarter of 2026, potentially providing an early read on the project’s scale and grade.
For Ajax Resources PLC, the start of drilling marks a key milestone as it seeks to unlock value from a largely untested but historically proven mineral system in Argentina.
For further information:
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Ajax Resources Plc Ippolito Cattaneo, Chief Executive Officer |
Tel: + 44 (0) 208 146 6345 |
