- WA explorer Auroch hits high grade nickel at ‘Nepean’
- Eagle Mountain announces remarkable 0.4m intersection grading 34.3% copper at ‘Oracle Ridge’
- Oakajee (gold, nickel), Vimy (uranium) and Dateline (gold) up on no news
This industrious WA nickel explorer is up ~270% over the past 6 months – and 940% over the past 12 — on some very promising drilling results.
Today it announced hits like 8m at 4.30% nickel & 0.37% copper from 35m at the historical ‘Nepean’ project near Coolgardie.
That’s thick, shallow and high grade.
Further results from the remaining 17 holes of Auroch’s maiden drill program at Nepean are expected in the coming weeks.
EAGLE MOUNTAIN MINING (ASX:EM2)
The explorer just hit 12.7m at 3.96% copper, 49.1g/t silver and 1.4g/t gold from 363.1m outside the existing 184,000 tonne copper resource at the historical ‘Oracle Ridge’ mine in Arizona.
That includes a remarkable 0.4m intersection grading 34.3% copper.
Assay results for a further three holes are pending.
Eagle Mountain is drilling aggressively to grow the Oracle resource and is currently looking for another rig to expedite the process.
(Up on no news)
The micro-cap explorer made headlines in March with a string of transformative announcements.
That includes picking up the historical Colosseum gold mine in California from Barrick Gold Corporation.
Colosseum produced approximately 344,000 ounces of gold between 1988 and 1993. The price of gold was below US$350/per ounce when production stopped at Colosseum, which remains ‘open’ at depth.
The Dateline share price is up ~80% over past 3 months.
(up on no news)
This minnow is doing early stage exploration across its Paynes Find gold project in WA and Birrindudu nickel project in the NT.
An aircore drilling program has been planned for Birrindudu to test some big, untouched targets.
A proposed program had been submitted to the Northern Territory Department of Primary Industry and Resources in early March.
Approval was anticipated in the coming weeks, Oakajee said at the time, with drilling to commence thereafter “pending suitable weather conditions”.
The consensus view is that uranium is about to boom as supply shrinks and demand increases.
Vimy says it is one of the only new uranium companies that can enter production in the first half of the 2020’s to meet that demand.
Early works at the shovel ready ‘Mulga Rock’ project in WA will kick off in the second half of this year.
Vimy has gained 85% over the past three months.