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Aldoro Resources (ASX:ARN) - Non Executive Chairman, Joshua Letcher
Non Executive Chairman, Joshua Letcher
Source: Joshua Letcher/LinkedIn
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  • Aldoro Resources (ARN) intersects nickel-copper sulphides at the VC1 target which is part of the Narndee Igneous Complex in Western Australia
  • The company has drilled one hole so far at the VC1 target which it believes to be prospective for nickel-copper-platinum group element (PGE) mineralisation
  • Drilling intersected semi-massive and massive sulphides from 212.7 metres downhole, suggesting mineralisation is more complex than originally thought
  • Aldoro will follow this up with survey work starting next week which will initially target the first hole while the second is being drilled
  • Company shares are up 17 per cent to trade at 62 cents

Aldoro Resources (ARN) has received results from an initial hole drilled at the VC1 target.

The VC1 target lies within the Narndee Igneous Complex which is located in Western Australia and is prospective for nickel-copper-platinum group element (PGE) mineralisation.

Hole NDD0001 intersected zones of massive, semi-massive, blebby, and veined nickel-copper sulphides. Aldoro considers this to be an encouraging outcome, given it’s the first hole the company has drilled at the project as well as the first hole drilled in the area in almost 10 years.

The hole was drilled to test the central strongest part of the VC1 electromagnetic (EM) conductor which was expected to be intersected between a 175 and 190 metres downhole.

While drilling intersected a zone of veined and blebby sulphides from 195.9 metres downhole, the main zone of semi-massive and massive sulphides was intersected from around 212.7 metres downhole.

According to the company, this suggests that the mineralisation is more complex than originally thought. To follow-up on this, Aldoro will undertake a downhole EM survey which is expected to begin next week. This will initially take place at the first diamond hole while the second is being drilled.

Company shares were up 17 per cent to trade at 62 cents at 10:19 am AEST.

ARN by the numbers
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