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Auroch Minerals (ASX:AOU) - Managing Director, Aidan Platel
Managing Director, Aidan Platel
Source: The Market Herald
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  • Auroch Minerals (AOU) identifies a strongly conductive body at its Nepean Nickel Project in Western Australia
  • The conductor has a strike length of 120 metres, a depth ranging from 60 to 100 metres and a conductance range between 5000 to 10,000 siemens
  • It was identified via a moving-loop electromagnetic survey that was undertaken to identify untested conductors
  • Auroch intends to test this conductor immediately with three reverse circulation holes planned to be drilled later this week
  • Shares in Auroch are up a healthy 12.1 per cent and are trading at 18.5 cents at 11:40 am AEST

Auroch Minerals (AOU) has identified a strongly conductive body at its Nepean Nickel Project in Western Australia.

The conductor was identified via a moving loop electromagnetic (MLEM) survey that was undertaken to cover a large portion of the project and identify untested conductors.

The conductor lies approximately 1.8 kilometres south of the historical high-grade Nepean nickel sulphide mine.

It is also coincident with a magnetic high feature which is the same characteristic that hosts the nickel sulphide mineralisation at the mine.

The conductor has a strike length of 120 metres, a depth ranging from 60 to 100 metres and a conductance range between 5000 to 10,000 siemens.

Auroch intends to test this conductor immediately with three reverse circulation (RC) holes planned to be drilled later this week.

All holes will be cased to allow for follow up and downhole electromagnetic surveying which allows for more accurate targeting.

Additionally, a second conductor was identified 600 metres east of the main conductor and while it has a conductance range between 1500 to 2000 siemens, it has a one-kilometre strike length.

Managing Director Aidan Platel said the conductor provides adds significant potential to the project.

“The MLEM survey was successful is doing exactly that [prioritise smaller areas for follow-up exploration], identifying several conductive bodies that warrant follow-up exploration,” Mr Platel said.

“The location of this strong conductor coincident with an aeromagnetic anomaly and along strike from the historic high-grade Nepean nickel sulphide mine, in an area that has never been drilled before, significantly add to the high potential of this exciting drill target.”

Shares in Auroch were up a healthy 12.1 per cent and trading at 18.5 cents at 11:40 am AEST.

AOU by the numbers
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