Formerly Five Star Diamonds Limited, Aranjin Resources Ltd. (TSX.V: ARJN) is a mineral and exploration company focused on base metal projects Mongolia.
Aranjin Resources Ltd has entered into agreements to acquire 100% interests in two highly prospective porphyry copper projects in Southern Mongolia.
The 2,773 hectare Bayan Undur Copper Project is located in Bayankhongor Province, which comprises four granted mining licenses.
The Company is undertaking a thorough review of the considerable volume of past exploration including drilling, geochemistry and geophysics with the aim of identifying new drill targets for 2020.
The 150 square kilometer Baruun Tal Copper Project is located in in the World Class South Gobi Porphyry Copper Province. The Baruun Tal Copper Project was last explored by Ivanhoe Mines in 2007 and no exploration has been undertaken since that time. The area remains under explored and is highly prospective.
Exploration results from Ivanhoe Mines soil, rock chip and trenching programs are early stage and results are extremely encouraging and show the potential for the possible discovery of a copper porphyry copper system. Early rock chip sampling returned results up to 14.5% copper and trenching results returned a best result of 22 meters at 0.8% copper.
The Company is currently compiling past exploration results with the aim of immediately commencing for the planning of a substantial ground magnetic program and IP geophysical survey to highlight targets for drilling in 2020.