Aldoro Resources (ASX:ARN) lodges program of work for Penny South
  • Aldoro Resources (ARN) has lodged a program of work for follow up drilling at the Penny South Project in WA
  • A review of recent drilling is nearly complete and has given the company a better geological understanding of the area
  • A significant find was the increase in weathering depth which supports the potential for mineralisation
  • Aldoro is planning further ground magnetic work in the next 2 weeks as it awaits follow up drilling approval
  • Aldoro Resources is down 5 per cent and shares are trading for 19 cents each

Aldoro Resources (ARN) has updated the market on its ongoing exploration at its Penny South Project in Western Australia.

The company's recent aircore drilling program is well underway and already generating a better understanding of the geological interpretation of the area.

The targets and contact between mafic and intermediate felsic units was intersected across most of the drill lines. This provides confidence in the exploration model and positions the drill program to effectively test the inferred extension of the Penny West Shear.

Aldoro observed multiple intersections of quartz veining and visible sulphides, including 18 metres of disseminated sulphide to the end of hole APSAC088.

The geological review also highlighted an increase in the depth of weathering towards the south of the target trend. Although this isn't an official indicator, deep weathering is usually associated with areas of hydrothermal alteration and mineralisation.

Within the next two weeks, Aldoro plans to conduct further ground magnetic surveys to extend the area up to the southern boundary of the tenement. This is adjacent to the Deep South gold prospect in the nearby tenement owned by Venus Metals and Rox Resources.

The company has lodged a program of work for deeper reverse circulation drilling to follow up on areas of interest and air core drilling to extend the recent program over a further 700 metres of strike.

Aldoro Resources is down 5 per cent and shares are trading for 19 cents each at 2:12 pm AEDT.


ARN by the numbers
More From The Market Herald
Saturn Metals (ASX:STN) - Managing Director, Ian Bamborough - The Market Herald

" Saturn Metals (ASX:STN) drilling expands Apollo Hill gold system, W.A.

An ongoing drilling campaign at Saturn Metals’ (STN) Apollo Hill Gold Project in Western Australia has expanded the gold system.
Hot Chili (ASX:HCH) - Managing Director, Christian Easterday - The Market Herald

" Hot Chili (ASX:HCH) teaming up with ENAMI over Chile copper-gold project

Hot Chili (HCH) is teaming up with Chilean government agency Empresa Nacional de Mineria (ENAMI) for the Productora copper-gold project.
Aurelia Metals (ASX:AMI) - Managing Director & CEO, Dan Clifford - The Market Herald

" Aurelia Metals (ASX:AMI) boosts production despite pandemic restrictions

Mining and exploration company Aurelia Metals (AMI) is on track for a significant improvement in its quarter-on-quarter production results despite pandemic-related restrictions.
Pacifico Minerals (ASX:PMY) completes Phase III drilling at Sorby Hills

" Pacifico Minerals (ASX:PMY) upgrades Mineral Resource at Sorby Hills Project

Pacifico Minerals (PMY) has significantly updated the Mineral Resource Estimate (MRE) for the Sorby Hills Lead-Silver-Zinc Project in Western Australia.