Source: Aldo Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Aldoro Resources (ARN) is releasing the results from drilling at the VC1 and VC3 targets at the Narndee Igneous Complex in WA
  • One drill hole at VC1 intersected 2.95 metres of massive to semi-massive sulphide and 35.95m of disseminated magmatic sulphide
  • All holes at VC1 returned magmatic sulphides, with peak values of 1.05 per cent nickel, 2 per cent copper and 1.03 grams or palladium per tonne
  • VC3 also returned positive results and ATN is planning to potentially test the area between the targets next
  • Shares in ARN are trading 6.45 per cent in the red at 43.5 cents each at 3:07 pm AEST

Aldoro Resources (ARN) is releasing the results from recent drilling at the VC1 and VC3 targets at the Narndee Igneous Complex.

ARN completed eight drill holes at the two targets, which are located within the Western Australia based asset.

Best results include a drill hole at VC1 that intersected 2.95 metres of massive to semi-massive sulphide and 35.95m of disseminated magmatic sulphide.

The company explained all holes drilled at this target had returned magmatic sulphides, with peak values of 1.05 per cent nickel, 2 per cent copper and 1.03 grams of palladium per tonne.

ARN said it was a pleasing result, which confirmed VC1 was a significant discovery and the wider Narndee project was highly prospective.

The company added there was potential for further high-grade nickel at the target due to preferential remobilisation and metal segregation.

Along with the pleasing results at VC1, Aldoro said it encountered evidence the VC3 was highly prospective for nickel-copper PGE mineralisation.

The target was intersected approximately 380 metres downhole, with the anomaly appearing to be associated with an internal raft of sulphidic meta sediment, hosted by high magnesium oxide ultramafics and mafics.

Next steps for the company will be to potentially carry out deeper penetrating geophysical techniques so it can assess the potential of the area between VC1
and VC3.

Aldoro Resources was trading 6.45 per cent in the red at 43.5 cents each at 3:07 pm AEST.


ARN by the numbers
More From The Market Herald
The Market Herald Video

" Bannerman Resources (ASX:BMN) raises $12M for Etango-8

Bannerman Resources (ASX:BMN) has successfully tapped investors for an extra $12 million in funding for its…
Barton Gold (ASX:BGD) - Managing Director, Alexander Scanlon

" SA Govt. awards Barton Gold (ASX:BGD) $300k grant for exploration

Barton Gold (ASX:BGD) has been granted a $300,000 boost from the South Australian Government.
Barton Gold (ASX:BGD) - Managing Director, Alexander Scanlon

" Barton Gold ASX:BGD) to trial CSIRO exploration technology

Barton Gold Holdings’ (ASX:BGD) subsidiary signs agreements to trial new geochemical and machine learning techniques at…

" Barton Gold (ASX:BGD) kicks off new round of drilling at Tunkillia project

Barton Gold (ASX:BGD) has begun a drilling program at its Tunkillia gold project in South Australia.