Join our daily newsletter At The Bell to receive exclusive market insights
- Aldoro Resources (ARN) has released multiple assays for its Western Australia based nickel-copper-platinum group element project Narndee Igneous Complex
- ARN completed new intersections at the end of last year, with six diamond drills and eight reverse circulation (RC) holes at the VC1 and VC3 targets
- Results include 55.6 metres at 0.19 per cent nickel and 0.06 per cent copper from 246m, including 0.38m at 1.11 per cent nickel and 0.04 per cent copper from 301.22m at VC1
- The NDD0005 hole at VC3 was extended as it re-entered a high magnesium oxide ultramafic package with scattered dissemination of magmatic sulphides after it passed through the target
- Aldoro shares are trading down 3.61 per cent at 40 cents a share
Aldoro Resources (ARN) has released multiple assays for its Western Australia based nickel-copper-platinum group element project Narndee Igneous Complex.
ARN completed new intersections at the end of last year, with six diamond drills and eight reverse circulation (RC) holes at the VC1 and VC3 targets.
According to the announcement, the company has received assays for five holes at VC1 and one at VC3, while additional results remain pending.
Best results for the VC1 target drilling include 55.6 metres at 0.19 per cent nickel, 0.06 per cent copper and 0.01 per cent cobalt from 246 metres, including 0.38 metres at 1.11 per cent nickel, 0.04 per cent copper and 0.07 per cent cobalt from 301.22 metres.
Also, 80.9 metres at 0.26 per cent nickel, 0.07 per cent copper and 0.02 per cent cobalt from 192 metres, including 1 metre at 1.35 per cent nickel, 0.36 per cent copper and 0.09 per cent cobalt from 271.9 metres.
The ND0005 hole at VC3 was extended as it re-entered a high magnesium oxide ultramafic package with scattered dissemination of magmatic sulphides after it passed through the target.
ARN said lab results for this intersection found 31.3 per cent magnesium oxide and 0.22 per cent nickel, demonstrating the high prospective of the region, more so, at a depth.
Following the Priority 1 VTEM survey in early January, any conductors generated will be groundtruthed, mapped, and sampled by surface geochemistry.
Aldoro shares were trading down 3.61 per cent at 40 cents a share at 11.39 am AEDT.
