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Aldoro Resources (ASX:ARN) launches diamond drilling program at Target 2, WA

ASX News, Materials
ASX:ARN      MCAP $10.90M
15 November 2022 12:59 (AEDT)

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Aldoro Resources (ARN) has launched a diamond drilling program at the Target 2 area within its Narndee nickel-platinum group element project in Western Australia.

The target lies 500 metres to the north of Target 1 and is based on a “very strong” aeromagnetic anomaly associated with geochemical anomalies, as well as surface gossans.

It was identified from induced polarisation surveying, with the fresh drilling work to focus on unearthing any potential nickel-copper-platinum group element mineralisation.

Aldoro said the Narndee mineralisation model was based on the Callisto nickel-copper deposit in the Fraser Range, which is held by Galileo Mining (GAL).

The chargeability and resistivity responses are consistent along all three Target 2 profiles conducted to date, which Aldoro said suggested the contact anomaly had a strike extent over 200 metres north-south and open-ended to the north and south.

The company told investors IP surveying was set to continue to the north of Target 2 in a bid to close out the northern extension.  

Aldoro Resources shares were trading at 37.5 cents at 12:52 pm AEDT.

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