Join our daily newsletter At The Bell to receive exclusive market insights
- Aldoro Resources (ARN) receives results from a further two holes drilled at the VC1 target in Western Australia
- These holes were drilled to test shallow and deep plunge positions of the VC1 electromagnetic conductor
- Notably, both intersected zones of massive, semi-massive, blebby and veined nickel-copper sulphides
- Downhole electromagnetic surveying will now be undertaken over the drilled holes to refine targets for drill testing
- Aldoro is down 7.38 per cent on the market with shares trading at 56.5 cents at 10:43 am AEST
Aldoro Resources (ARN) has received results from a further two holes drilled at the VC1 target.
The VC1 target lies within the Narndee Igneous Complex (NIC) which is located in Western Australia, 90 kilometres south-southwest of Mount Magnet.
Both holes, NDD0003 and ND0004, intersected zones of massive, semi-massive, blebby and veined nickel-copper sulphides.
Hole NDD0003 was designed to test a shallower up-plunge position of the VC1 electromagnetic (EM) conductor, 80 metres south-southwest of hole NDD0002.
It intersected roughly 1.9 metres of massive sulphide from 111.6 metres to 113.5 metres.
Hole NDD0004 was designed to test a deeper down-plunge position of the VC1 EM conductor 80 metres north of NDD0001.
It intersected 0.9 metres of massive sulphide and several broad zones of dispersed and blebby sulphides ranging from 102.5 metres to 273 metres.
The mineralisation intersected in both holes will provide significant targeting tools for future drilling at the VC1 target.
Follow-up drilling will now be predominantly guided by Downhole EM (DHTEM) surveying.
The DHTEM survey crew is already on site to survey the holes drilled by Aldoro and will help refine targets for drilling.
While this is underway, the drill rig will move to the VC3 target to drill a single hole there.
Aldoro was down 7.38 per cent on the market with shares trading at 56.5 cents at 10:43 am AEST.
