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Aldoro Resources (ASX:ARN) to commence drilling at Niobe

ASX News, Mining
ASX:ARN      MCAP $8.751M
10 January 2022 13:00 (AEST)

Drill rig set up for Niobe East. Source: Aldoro Resources

A reverse circulation (RC) drilling rig has arrived at Aldoro Resources’ (ARN) Niobe project in Western Australia.

The program will cover 3730 metres across 66 holes, starting on the Niobe East pegmatite system and aiming to increase the exploration target.

However, drilling will be delayed due to a fire ban across the entire Niobe project area. Once the ban is lifted, the company will commence the program.

Rock chip sampling indicated that anomalous rubidium and lithium values at Niobe East extend over 400 metres in strike length.

Drilling will also be undertaken at the Breakaway and Niobe Southeast pegmatites, where historical drilling has not tested for the presence of rubidium and lithium.

In early December, Aldoro announced a Heritage Site Avoidance Survey was cleared with the Traditional Wajarri Owners.

Aldoro is a mineral exploration and development company and has a portfolio of nickel and gold focused exploration projects in WA.

Last week, the company released multiple assays from its Narndee Igneous Complex. ARN completed new intersections at the end of last year, with six diamond drills and eight RC holes at the VC1 and VC3 targets.

On the market today, Aldoro was up 1.33 per cent and trading at $0.38 per share at 11:41 am AEDT.

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