- Auroch Minerals (AOU) has received further assay results from its maiden reverse circulation (RC) drilling program at the Nepean Nickel Project in WA
- Best new results saw grades peak at 2.9 per cent nickel and 0.36 per cent copper, adding onto the previously returned results
- The completed holes confirm that the eastern nickel sulphide lens at Nepean spans over 200 metres to the south, extending the total length to over 500 metres
- All holes will be cased for follow-up downhole electromagnetic (DHEM) surveys which will test for nearby conductive units
- In addition to the DHEM surveys, Auroch will undertake a moving loop electromagnetic survey over critical areas
- Auroch’s shares price has dropped 11.4 per cent and shares are trading at 19.5 cents
Auroch Minerals (AOU) has received further assay results from its maiden reverse circulation (RC) drilling program at the Nepean Nickel Project.
The Nepean Project lies 25 kilometres south of Coolgardie in Western Australia, and ii operates under the company’s 80:20 joint venture agreement with Goldfellas.
Best new results include two metres at 2 per cent nickel and 0.30 per cent copper from 66 metres including one metre at 2.9 per cent nickel and 0.36 per cent copper.
These new results add onto the significant results received from the first six holes which saw grades peak at 5.57 per cent nickel and 0.47 per cent copper.
The completed holes confirm that the eastern nickel sulphide lens at Nepean spans over 200 metres to the south of the exisiting mineralisation at the Nepean mine.
This has confirmed that the shallow high-grade nickel sulphide mineralisation extends over 500 metres in strike.
An additional five holes will be drilled to test areas of this high-grade mineralisation with results expected in the next two to three weeks.
Furthermore, all holes will be cased for follow-up downhole electromagnetic (DHEM) surveys which will test for nearby conductive units that may indicate massive nickel sulphide mineralisation.
“The recent results have continued to build upon our understanding and geological model of the shallow high-grade nickel sulphide mineralisation that now extends for 500 metres of strike, and with that our team has recognised the need to drill several more holes into critical areas of this mineralisation,” Managing Director Aidan Platel said.
“These holes will be drilled immediately and the samples will be prioritised for assaying,” he added.
In addition to the DHEM surveys, Auroch will undertake a moving loop electromagnetic survey over critical areas.
Auroch’s shares price has dropped 11.4 per cent and shares are trading at 19.5 cents at 11:22 am AEDT.