Aldoro walking tall with massive sulphides at first Narndee drill hole
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Aldoro Resources has hit massive and semi-massive sulphides in the first drill hole into its priority Narndee Igneous Complex in a decade.
Aldoro Resources (ASX:ARN) picked up the ground in October last year, which contains layered ultramafic rocks believed to have the potential to host deposits like Julimar and IGO’s Nova-Bollinger mine.
First indications from diamond hole NDD0001 underline the potential at the VC1 target, with drillers hitting a 1.7m section of massive to semi-massive sulphides.
Massive sulphides are especially rich accumulations of sulphide of greater than 80% of the host rock, with semi-massives typically between 40-80%.
Those mineralisation types are often related to nickel and copper occurrences in Western Australia, with Aldoro saying blebby and veined sulphides were also identified in the drill core.
Importantly, downhole surveys of the 273.1m deep drill hole have proven the drill direction was spot on, meaning targeting follow up drilling into the VC1 target is likely to be straightforward.
The sulphides were intersected from 212m deep, a bit below the 175-190m target zone of the EM conductor outlined in pre-drilling surveys.
A downhole EM survey is set to take place while the diamond rig moves 85m south-southwest of the first hole to target shallower zones of the VC1 prospect.
But the complexity of mineralisation in the first hole has given Aldoro hope there is potential for “multiple mineralised bodies occurring within multiple discrete ultramafic intrusions” at VC1.
On the back of the initial success, drilling will now continue at VC1 as Aldoro looks to obtain an RC rig to expedite the process.
It is also aiming to secure a second diamond drill rig so it can test the VC3, East1, VC11 and other targets while keeping the pace up at VC1.
Aldoro identified as many as 16 targets in a VTEM survey after picking up the project in October last year.
While it has gone relatively untouched over the past decade, Narndee has some serious exploration pedigree, with BHP and super-prospector Mark Creasy among those who have kicked the rocks at the site over the years.
Located 90km south-southwest of Mount Magnet, Aldoro has been building a large regional footprint in the region at the 700km2 Narndee project, but also at the nearby pegmatite rich 420km2 Windimurra Igneous Complex, which it views as another potential “company-maker”.
Aldoro announced a deal on Wednesday to lock up the entirety of the Windimurra LCT pegmatite fairway by paying $50,000 cash and 325,000 Aldoro shares to private company Mining Equities for the rights to 9km2 of tenure containing prospective lithium pegmatites at licence E58/571.
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.