- Aldoro Resources (ARN) has identified multiple bedrock conductors at its Narndee Project in Western Australia
- These conductors were identified via a high-power fixed-loop ground electromagnetic (FLTEM) survey that began in mid-February
- Of the 11 targets that will be tested, three have been surveyed by geophysical contractors HPEM Geophysical Services
- Two of the targets justify future drill testing while the third has been deemed too shallow
- Shares in Aldoro are up 10 per cent this morning and are trading at 22 cents
Aldoro Resources (ARN) has identified multiple bedrock conductors at its Narndee Project in Western Australia.
These conductors were identified via a high-power fixed-loop ground electromagnetic (FLTEM) survey that began in mid-February.
The aim of this survey is to identify targets for future drilling programs.
Of the 11 targets that will be tested, three have been surveying by geophysical contractors HPEM Geophysical Services.
Target VC3
One additional line was added to help interpret and model a deeper bedrock conductor in the south.
The model is yet to be refined but once it has data will be used to update the source, geometry, depth and conductance.
Aldoro will follow this target up with a ground dipole-dipole induced polarisation (2DIP) survey.
A dipole is a pair of oppositely charged electrodes that are so close together that the electric field generated forms a single field rather than two different fields.
A 2DIP survey is commonly used in tandem with induced polarisation for mineral exploration.
Target VC5
Four lines were surveyed at Target VC5 and mid-channel anomalism was confirmed, however, it’s possible that it is not paired to a bedrock conductor.
Aldoro will undertake refined modelling to prove the anomaly is consistent with a bedrock conductor.
If this work is successful, a 2DIP survey will be undertaken.
Target VC2
No clear bedrock conductors were identified at Target VC2 and Aldoro has deemed it too shallow to be a legitimate drill target.
Aldoro is now waiting on results from the remaining eight targets and will report on results in due course.
Shares in Aldoro are up 10 per cent this morning and are trading at 22 cents at 10:36 am AEDT.