Drill rig set up for Niobe East. Source: Aldoro Resources
Market Herald logo


Be the first with the news that moves the market
  • Aldoro Resources (ARN) completes phase one, 17-hole program at the Niobe project as part of a 3730-metre reverse circulation program
  • Positively for the company, all 17 holes intersected thick pegmatite bodies which confirm those from historical drilling
  • Aldoro is testing the Niobe East, Niobe Southeast and Breakaway systems to follow up on historical drilling and recent sampling which indicated rubidium and lithium values
  • Forty seven holes are yet to be drilled and will help to deliver a JORC mineral resource
  • Company shares are up 3.23 per cent to trade at 32 cents by market close

Aldoro Resources (ARN) has completed 17 reverse circulation (RC) holes at the Niobe project in Western Australia.

The 3730-metre drilling program began earlier this month and started off at the Niobe East pegmatite system to increase the exploration target based on limited historical drilling and recent rock chip sampling results. The results indicated that anomalous rubidium and lithium values extend over 400 metres of strike.

Drilling is also planned at the Breakaway and Niobe Southeast pegmatites, where rubidium and lithium haven’t been historically tested.

However, rock chip sampling at the Breakaway pegmatite found anomalous rubidium and lithium extends for 100 metres and a few samples from Niobe Southeast have anomalous rubidium values.

Positively for the company, all 17 holes intersected significant pegmatite bodies at thick intervals. This reportedly confirms historical drilling where rubidium assays were rarely collected.

According to Aldoro, standout intersections received so far include 21 metres of pegmatite from 36 metres downhole in NBRC008 and 14 metres of pegmatite from 40 metres downhole in NDRC009.

The company said it was encouraged by results of the first phase and is looking forward to completing another 47 holes which will help to deliver a JORC mineral resource.

Once drilling has wrapped up, the RC rig will mobilise to the Wyemandoo project, where an extensive greenfields drilling program is planned.

Company shares were up 3.23 per cent to trade at 32 cents by market close.

ARN by the numbers
More From The Market Herald
Grand Gulf Energy (ASX:GGE) - Managing Director, Dane Lance

" Grand Gulf Energy (ASX:GGE) sees high helium concentrations in Jesse#1A well

Grand Gulf Energy (ASX:GGE) has detected helium concentrations up to 37 times above background levels in…
Marquee Resources (ASX:MQR) - Executive Chair, Charles Thomas

" Marquee Resources (ASX:MQR) begins drilling at Kibby Basin

Marquee Resources (ASX:MQR) has begun drilling at the highly prospective Kibby Basin lithium project in Nevada,…

" Kogi Iron (ASX:KFE) closes underwhelming share purchase plan

Kogi Iron (ASX:KFE) has closed its share purchase plan, raising $234,000 to fund upcoming work at…

" Hot Chili (ASX:HCH) sees another “outstanding” result at Cortadera

Hot Chili (ASX:HCH) has found another "outstanding" copper drill result at the Cortadera porphyry deposit, part…