Aldoro finds two more drill ready targets at Narndee
Aldoro Resources has found two additional drill ready targets at its flagship Narndee Igneous Complex (NIC) – which is prospective for nickel-copper-PGE mineralisation.
The recent moving loop transient electromagnetic (MLTEM) survey revealed the two new targets – VC3 and East1 – which have now been modelled in 3D and confirmed for drill testing.
As part of Aldoro Resources’s (ASX:ARN) plans to de-risk the project with multiple layers of geophysical applications to refine optimum target selection, a GAIP survey is being finalised.
The company plans to use the electrical geophysical technique (which can identify disseminated sulphide mineralisation) over all of its 11 high-interest anomalies from VC1-VC11.
The VC3 target appears to be on a basal contact of an olivine bearing pyroxenite, with a footwall sequence of metamorphosed felsic volcanics and granitic rocks – basically what’s interpreted to be a favourable location for the development of magmatic nickel-copper sulphides.
It’s around 300m by 600m with a conductance of approximately 1000-1500S and the top of the conductor at a depth of 400m below surface.
EAST1 modelling has resolved a body of at least 500m x 200m with a depth to the top of 225-275m below surface.
The conductance models are at 6000-9000S, and the company believes it may represent a volcanogenic massive sulphide (VMS) style target.
Aldoro previously identified VC1, VC11 and VC8 as its primary maiden diamond drill targets after a FLTEM survey results earlier in the year but because of VC1’s proximity to legacy drilling by Maximus Resources in 2012 it will be the first cab off the rank.
The company has aggressively progressed to the next level of securing a drilling contractor (Frontline Drilling) to conduct a 5000m drilling campaign, with the option to extend.
The diamond drill holes will also serve as inspection holes, to gauge their suitability to conduct down-hole transient electro-magnetic (DHTEM) surveys.
Earlier this month Aldoro announced its plans to expand the footprint of its Windimurra lithium project in Western Australia’s Mt Magnet region with the acquisition of two projects.
The adjacent Wyemandoo project and the Niobe tantalum-lithium project, as well as the company’s existing licences, contain multiple lithium and tantalum areas of interest that will be the focus of exploration.
The company also announced plans in May to divest its portfolio of gold assets – including the Penny South project, the Ryans Find project and Unaly Hill South project – through the listing of its subsidiary Aurum Resources Limited.
The rationale is to allow Aurum to solely focus on the exploration and development of its gold assets, which would free-up Aldoro to concentrate on Narndee and Windimurra.
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.