- Auroch Minerals (AOU) intersects nickel during drilling at two new prospects at its Leinster Nickel Project in WA
- Assays from the first four diamond drill holes at the prospects show thick intersections of disseminated nickel sulphide mineralisation
- The intersections are located around five kilometres along strike from its Horn prospect’s nickel sulphide mineralisation
- AOU will carry out down-hole electromagnetic surveys at the holes, while further assays are pending for drilling already completed at the site.
- Company shares are trading for 18.5 cents each at 12:33 pm AEST
Auroch Minerals (AOU) has intersected nickel during drilling at two new prospects at its Leinster Nickel Project in WA.
The company has carried out 1660 metres of diamond drilling at the Woodwind and Percussion prospects.
AOU said assays from the first four holes drilled at the prospects show thick intersections of disseminated nickel sulphide mineralisation.
Best results include 72 metres at 0.46 per cent nickel from 212 metres, including 4 metres at 0.61 per cent nickel from 233 metres and 14 metres at 0.57 per cent nickel from 258 metres.
The intersections are also located around five kilometres along strike from the company’s Horn prospect’s nickel sulphide mineralisation.
“This has been an exceptional start to our regional exploration at the Leinster Project,” Managing Director Aidan Platel said.
“After outstanding shallow high-grade nickel-copper sulphide results from drilling at the Horn Prospect in late 2020, we were intrigued by what the magnetic anomalies along strike from the Horn may hold, most of which had never seen a drill-hole.
“The results from just our first four drill-holes have already shown that these aeromagnetic highs at the Woodwind and Percussion Prospects do indeed define thick fertile ultramafic units that have cumulate ultramafic phases with disseminated nickel sulphides.
“That is, exactly the geology seen proximal to the massive nickel sulphide mineralisation at Rocky’s Reward and Perseverance, one of the largest nickel sulphide deposits in the world that is only 25 kilometres to the north of our Leinster Project.”
Assays are still pending for a fifth diamond drill hole drilled at the prospects, as well as nine reverse circulation drill holes from the wider Leinster project.
The company is also planning to carry out down hole electromagnetic surveys at all of the holes, with work to begin this week.
Company shares were trading steady at 18.5 cents each at 12:33 pm AEST.