- Auroch Minerals (AOU) gets results from four more holes drilled at its Saints nickel project in WA
- Three holes were drilled at the St Andrews prospect with one hole returning high grades of 6.49 per cent nickel and 2.58g/t gold
- The fourth hole comes from the St Patricks prospect and also returned a high-grade nickel result of 3.92 per cent
- Positively, all four holes intersected high-grade massive nickel sulphides and the results will be used to upgrade the Saints project mineral resource estimate
- Company shares are up 4.76 per cent at 11 cents on market close
Auroch Minerals (AOU) has received assays for four more holes drilled at the Saints nickel project in Western Australia.
Three of the holes were completed at the St Andrews prospect and one was completed at the St Patricks prospect.
Positively all four holes intersected high-grade massive nickel sulphides.
SNDD020, drilled at St Patricks, returned an intercept of 1.62 metres at 3.92 per cent nickel, 0.42 per cent copper, 0.11 per cent cobalt, 0.7g/t platinum group elements (PGE) from 217.35 metres.
Results from the St Andrews prospect included 2.21 metres at 4.3 per cent nickel, 0.37 per cent copper, 0.13 per cent cobalt, 0.58g/t PGE from 268.18 metres as well as a higher-grade nickel and PGE result of 0.3 metres at 6.49 per cent nickel, 0.17 per cent copper, 0.16 per cent cobalt and 2.58g/t PGE from 61.5 metres.
Auroch Minerals plans to use the drill results to upgrade the Saints project’s mineral resource estimate (MRE) from the inferred to the indicated category later this quarter.
The project’s MRE currently stands at 1.02 million tonnes at two per cent nickel for 21,400 tonnes of contained nickel.
Managing Director Aidan Platel said the results have “continued to confirm the modelled zone of thick, high-grade nickel sulphides, which also include significant grades of copper, cobalt and PGEs.”
“This bodes well for upgrading the confidence level of the Saints MRE, which we are aiming to do later this quarter once all results have been received from this drill program,” Mr Platel said.
Assays are pending for the final three drill holes and metallurgical testwork is underway as part of an ongoing scoping study for the Saints project.
Company shares were up 4.76 per cent at 11 cents on market close.