- Aston Minerals’ (ASO) first drill hole in the Boomerang target, located within its Edleston Project in Ontario, Canada, has “exceeded expectations”
- The hole intersected 287 metres at 0.3 per cent nickel and 0.012 per cent cobalt from 38.7 metres
- According to the company, the second drill hole, DDED21-059, intersected substantially more sulphide mineralisation than the first hole, with results expected next week
- As the market opens this morning, Aston is in the grey and trading at 15 cents per share
Aston Minerals’ (ASO) first drill hole in the Boomerang target, located within its Edleston Project in Ontario, Canada, has “exceeded expectations”.
The hole intersected 287 metres at 0.3 per cent nickel and 0.012 per cent cobalt from 38.7 metres.
Aston found Boomerang through a geological interpretation based on recent drilling and the reprocessing of magnetics. All up, 11 holes have been drilled in the target area for 4896 metres across three sections.
According to the company, its second drill hole, DDED21-059, intersected substantially more sulphide mineralisation than the first hole. Results from the second hole are expected next week.
Aston Managing Director Dale Ginn said the company’s first drill hole into the Boomerang target surpassed expectations in both the grade and the width of mineralisation.
“To intersect 287 metres at 0.3 per cent nickel in the first drill hole, then subsequently to intersect blebby and disseminated nickel sulphides 2.4km along strike, is absolutely astounding,” he said.
“This hole has encountered over 500 metres of the nickel bearing host unit so far and is continuing to a planned depth of 1.2 kilometres or more. The logging of drill holes across three discrete sections of the intrusive unit and magnetic inversion modelling have confirmed that this is the along-strike continuation which extends for over six kilometres.”
The Boomerang Target is made up of 6.5 kilometres of prospective strike and its three sections tested to date have all returned intercepts of visible nickel sulphide mineralisation.
As the market opened this morning, Aston was in the grey and trading at 15 cents per share at 10:02 am AEDT.