Aldoro bites into thicker sulphide zone at VC1
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Aldoro’s quest for nickel-copper riches has been boosted by a thicker than magmatic sulphide intersection and initial assays returning significant mineralisation results.
The recent NDD0008 hole at the VC1 target at its Narndee Igneous Complex project in WA intersected 2.95m of massive to semi-massive sulphides and 39.5m of disseminated magmatic sulphides.
Meanwhile, assays from NDD0001 and NDD0002 returned peak values of 1.05% nickel, 2% copper and 1.03 grams per tonne palladium.
Aldoro Resources (ASX:ARN) expects higher tenor results to be returned from subsequent holes where portable XRF readings were reported.
Importantly, the magmatic sulphides at VC1 appear to show significant variation in nickel tenor and metal ratios with a lack of identifiable igneous textures in the sulphides.
This suggests that the mineralisation has undergone significant remobilisation and post-depositional recrystallisation, which increases the potential for higher-grade nickel.
Further support for this can be seen in the unusually high copper to nickel ratio.
Aldoro has drilled seven holes to date at VC1, each of which has returned significant zones of magmatic sulphides.
NDD0001 returned a 1.65m interval grading 0.93% nickel, 0.15% copper, 0.07% cobalt and 0.22ppm palladium from a depth of 212.75m, including 0.4m at 1.05% nickel from 214m.
NDD0002 hit a 3.8m interval at 0.78% nickel, 0.46% copper, 0.06% cobalt and 0.26ppm palladium from 146.4m.
It has also generated a new offhole target vector at VC01.
Over at the VC3 target, the first drillhole NDD0005 intersected the target anomaly at a depth of about 380m.
The anomaly appears to be associated with an internal raft of sulphidic metasediment, hosted by high magnesium oxide ultramafics and mafics.
It is now considering deeper penetrating geophysical techniques, such as large loop high power electromagnetics, to assess the potential of the highly prospective target area between VC1 and VC3.
The company has acquired and processed an extended aeromagnetic dataset and is planning to extend its successful VTEM survey.
Aldoro adds that the drill rig will complete another hole to the east of NDD0003 where the best sulphide accumulations have been intersected.
It will then move to the VC11 target, which shows very similar lithological and geophysical characteristics to the VC1 target.
This article was developed in collaboration with Aldoro Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.