PriceSensitive

Aldoro Resources (ASX:ARN) confirms Ni-Cu gossans ahead of drilling at Narndee

Materials
ASX:ARN      MCAP $9.424M
01 July 2021 16:10 (AEST)

Aldoro Resources (ARN) has confirmed nickel-copper gossans at the Narndee Igneous Complex (NIC) in Western Australia ahead of an upcoming drilling campaign.

The company is progressing several field activities, including completion of an all-access track and pad clearing, in preparation for phase one drilling at the VC1 and VC11 targets, scheduled to kick off this month.

As part of preparations, field reconnaissance and mapping have identified two key nickel-copper gossans for follow-up work.

The completed reconnaissance program aimed to validate geological mapping, confirm historical records of gossan outcrops and geochemical anomalies, and find evidence of historical exploration not yet captured by ARN’s digital assets.

One of the key gossans, referred to as “Gossan two”, is located roughly 1000 metres south by southwest of VC1. No drilling is present between the gossan and the target, nor has any drilling effectively tested VC1.

Interestingly, ALD said the company had saved money on mobilisation costs thanks to Narndee’s station owner allowing the use of their own front-end loader for the drill pad preparation and track clearing.

Additionally, Aldoro said the convenient nine-kilometre proximity of the homestead to VC1 meant further cost savings with the availability of accommodation, office space, catering and communications voiding the need to build an exploration camp in the area.

Moving-loop electromagnetic survey

Concurrently, a MLTEM survey, designed to refine modelling of the highest priority exploration targets within the NIC, is also nearing completion.

Results of the survey will be reported when final data sets have been processed and interpreted.

Next steps

Looking ahead, Aldoro will complete systematic rock chip sampling programs and detailed mapping over the project’s pegmatite swarm as soon as possible.

This work will aim to identify the most prospective zones for drill targeting and locate pegmatite strike extensions and occurrences under soil cover.

Aldoro Resources shares had gained 23 per cent to close at 37.5 cents on July 1.

Related News