Business
Mobilisation of Drilling Rig to Eureka Project
Ajax Resources PLC has commenced mobilisation of a drilling rig to its Eureka Gold and Copper Project in Argentina, with drilling expected to begin this week, comprising approximately 10 diamond drill holes for 1,500 metres. The programme will target shallow and deeper geochemical and IP anomalies, with the potential to intersect sulphide-rich zones, and is situated near the historically productive Mina Eureka which has never been drill tested. Surface samples have confirmed high-grade copper oxides up to 6.1% Cu, and the company anticipates preliminary assay results by the close of the first quarter of 2026. Disclaimer*
About this update from Ajax Resources Plc
[{"type":"text","content":"\n\n6 January 2026\nAJAX RESOURCES PLC\n(\"Ajax\" or the \"Company\") \nMobilisation of Drilling Rig to Eureka Project\n \nAjax [AQSE: AJAX], the natural resources investment company focused on high-impact opportunities in South America, is pleased to announce that mobilisation of a drilling rig and associated ancillary equipment to the Eureka Gold and Copper Project, located in the Province of Jujuy, Argentina, will commence today.\n \nDrilling activities are expected to begin later this week. The initial drilling programme (the \"Programme\") will comprise approximately 10 diamond drill holes for a total of approximately 1,500 metres of diamond drilling.\n \nThe Programme will target a series of shallow geochemical and induced polarisation (\"IP\") anomalies, as well as a deeper IP chargeability anomaly identified in a 2014 report authored by SRK Consulting. This deeper anomaly may represent the transition to a sulphide-rich zone within the mineralised system.\n \nDrilling will be conducted in close proximity to Mina Eureka, the historic copper and gold mine within the Eureka Project area. Mina Eureka has a documented 400-year production history yet has never been drill tested, representing a compelling exploration opportunity.\n \nThe Eureka Project is drill-ready, with multiple highly prospective anomalies previously identified by earlier operators. High-grade copper oxides have been confirmed at surface, with historical samples reporting grades of up to 6.1% Cu, and numerous samples exceeding 0.5% Cu across several historical exploration programmes.\n \nAjax is committed to performing operational activities in compliance with the highest environmental and community engagement standards.\n \nThe commencement of drilling activities represents a highly significant milestone for the Eureka Project, which has never been drilled in its approximately 400-year history of production, marking a key step towards determining its untapped copper and gold potential and advancing the Company's strategy of transforming historically productive yet underexplored assets into value-generating opportunities for shareholders.\n \nThe Company expects to receive preliminary assay results by the close of the first quarter of 2026. Further updates will be provided in due course once drilling act...