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
AVZ Minerals (ASX:AVZ) - Managing Director, Nigel Ferguson - The Market Herald

" AVZ Minerals (ASX:AVZ) moves one step closer to Manono SEZ

AVZ Minerals (AVZ) has progressed talks with the Congolese government in a bid to set up a Special Economic Zone (SEZ) for the
Freehill Mining (ASX:FHS) buys El Dorado Project

" Freehill Mining (ASX:FHS) buys El Dorado Project

Freehill Mining (FHS), through its subsidiary San Patricio Mineria SpA, has completed its acquisition of the El Dorado Project in Chile.
Strickland Metals (ASX:STK) to begin drilling at WA project

" Strickland Metals (ASX:STK) to begin drilling at WA project

Strickland Metals (STK) will soon begin a diamond drilling program at the Doolgunna Project which is located in the Bryah Basin of Western
Macmahon Holdings (ASX:MAH) - Managing Director & CEO, Michael Finnegan - The Market Herald

" Macmahon (ASX:MAH) selected for $250M mining work at Foxleigh

Macmahon (MAH) has been selected as the preferred tenderer to provide equipment hire and maintenance services at the Foxleigh mine.