Join our daily newsletter At The Bell to receive exclusive market insights
- Aldoro Resources (ARN) reports its best drill holes to date at the Narndee igneous complex in Western Australia
- The company has wrapped up its current phase of diamond drilling, with a further three holes intersecting thick sections of disseminated sulphides
- Each of the holes ended in mineralisation and is now undergoing submission for expedited analytical testing
- The company’s next steps for Narndee will be assessed once assay results have been received, with a possible six additional priority diamond holes to be drilled
- Aldoro Resources is up 4.55 per cent, trading at 23 cents at 3:48 pm AEDT
Aldoro Resources (ARN) has reported its best drill holes to date at the Narndee igneous complex in Western Australia.
The company has wrapped up its current phase of diamond drilling, with a further three holes intersecting thick sections of disseminated sulphides.
Each of the holes ended in mineralisation and is now undergoing submission for expedited analytical testing.
The additional three holes bring the total to seven in the area, drilled for 2949 metres.
The company in January reported results of four metres at 0.57 grams per tonne (g/t) lead, 0.09 g/t platinum and 0.04 g/t gold, plus 0.54 per cent nickel, 0.15 per cent copper from 247 metres.
Aldoro also completed a gradient IP array over Narndee’s northern target three, which provided additional high-interest targets — two of which are being tested by IP sounding.
The company’s next steps for Narndee will be assessed once assay results have been received, with a possible six additional priority diamond holes to be drilled.
Meanwhile, ARN’s IP survey crew has moved to the Wyemandoo project to undertake a gradient array survey.
Aldoro Resources shares were up 4.55 per cent and trading at 23 cents at 3:48 pm AEDT.
