Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Auroch Minerals (AOU) has signed a drilling contract with Seismic Drilling Services to lock in a drill rig for the next 12 months
  • The contract will cover drilling programs across the Nepean, Leinster and Saints Nickel Projects at the Norseman-Wiluna Greenstone Belt in WA
  • Seismic will dedicate a multipurpose drill rig to the programs, allowing both reverse circulation and diamond drilling using the same rig
  • Auroch Managing Director Aidan Platel says locking in this contract in WA is a great achievement due to the current difficultly to source contractors
  • Auroch Minerals is down 4 per cent, trading at 24 cents

Auroch Minerals (AOU) has signed a drilling contract to lock in a drill rig for the next 12 months.

Auroch has contracted Seismic Drilling Services for drilling programs over the next year across its three high-grade nickel sulphide assets.

These assets include the Nepean, Leinster and Saints Nickel Projects, all located in the nickel-endowed Norseman–Wiluna Greenstone Belt in WA.    

Seismic will dedicate a LMP 2000 multipurpose drill rig to Auroch’s nickel sulphide portfolio. This will allow the company to drill both reverse circulation and diamond drill-holes using the same rig across 20,000 metres of drilling.

Currently this drill rig is on site at the Nepean Nickel Project, completing a 3500-metre reverse circulation program.

“It is currently very difficult to source and contract drill rigs in Western Australia, so being able to lock a rig in for the next year is a great achievement,” said Auroch Managing Director Aidan Platel.

“The flexibility that comes with a multi-rig being able to drill both reverse circulation and diamond holes will be invaluable when tackling the wide range of drill-holes we have planned for this year across all three nickel sulphide assets. Importantly, the rig will undertake both resource drilling as well as exploring high-potential targets for possible new high-grade nickel sulphide discoveries.”

Auroch Minerals is down 4 per cent, trading at 24 cents at 10:00 am AEDT.

AOU by the numbers
More From The Market Herald
Accelerate Resources (ASX:AX8) - Managing Director, Yaxi Zhan

" Accelerate Resources (ASX:AX8) sells Tambellup Kaolin Project

Accelerate Resources (AX8) has completed the sale of the Tambellup kaolin project to Vytas Resources.
AKN

" AuKing Mining (ASX:AKN) find copper mineralisation north of Sandiego

AuKing Mining (AKN) has released copper assay results from its Western Australian Sandiago deposit within Koongie Park.

" Resource Mining (ASX:RMI) to raise $500k for Tanzanian nickel project

Resource Mining (RMI) has tapped investors for $500,000 to fund preparation work at the Kabulwanyele nickel project in Tanzania.

" Zeotech (ASX:ZEO) produces new ‘green’ synthetic zeolite

Zeotech (ZEO), has completed its first bench-scale continuous closed-loop circuit which utilised kaolin feedstock to produce pure Linde type A synthetic zeolite product.