Join our daily newsletter At The Bell to receive exclusive market insights
- Auroch Minerals (AOU) shares lithium mineralisation data with the market for its 80 per cent owned, West Australian based Nepean project
- This round of pegmatite veins confirms lithium mineralisation with up to 1.05 per cent of lithium
- AOU has started a follow-up investigation, including re-assaying of samples from nearby reverse circulation (RC) holes for lithium, caesium and tantalum (LCT) mineralisation
- A diamond drill rig has commenced a nickel and sulphide exploration programme at Nepean after it completed the second drill hole to a final depth of 754.45 metres
- Auroch shares have raised 4.55 per cent and were trading at 11.5 cents a share
Auroch Minerals (AOU) has shared lithium mineralisation data with the market for its 80 per cent owned, West Australian based Nepean project.
The assay results, according to the company, confirm the lithium, caesium and tantalum (LCT) potential of the sampled pegmatites, with results up to 1.05 per cent lithium.
AOU has started a follow-up investigation, including re-assaying of samples from nearby reverse circulation (RC) holes for LCT mineralisation.
A diamond drill rig has commenced an exploration programme at Nepean after it completed the second Nepean Deeps drill hole to a final depth of 754.45 metres.
The hole intersected 12.5 metres of disseminated and matrix to semi-massive nickel sulphides from 576.8 metres with a 76.15-metre intersection of ultramafics from 534.65 to 610.8 metres down-hole.
Complete nickel-sulphide assays for the diamond drill hole are outstanding and should be expected before year-end.
“The assay results have confirmed that the Nepean tenure hosts significant potential for LCT mineralisation, particularly for lithium,” Managing Director Aidan Platel said.
“We are excited by this prospect and have already commenced work on understanding the orientation and extent of the LCT bearing pegmatites.
“Further mapping is required to better define the surface expression of the veins, whilst sampling of pegmatites intersected in nearby drill holes may provide us with an understanding of the pegmatites in 3D space”.
Auroch shares have raised 4.55 per cent and were trading at 11.5 cents a share at 12.12 pm AEDT.
