Auroch Minerals (ASX:AOU) - Managing Director, Aidan Platel
Managing Director, Aidan Platel
Source: The Market Herald
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  • Auroch Minerals (AOU) intersects further high-grade nickel at the Saints nickel project in Western Australia
  • Results come from two holes drilled at the St Patricks prospect into a gap between the nickel sulphide mineralisation used in the mineral resource estimate (MRE)
  • Overall, grades peaked at 5.23 per cent nickel, 0.69 per cent copper and 0.77 g/t platinum group elements
  • As these intersections come from outside of the modelled resource at St Patricks, the results are expected to increase the tonnage and overall grade of the next MRE
  • Auroch is up 2.13 per cent on the market with shares trading at 12 cents

Auroch Minerals (AOU) has intersected further high-grade nickel at the Saints nickel project near Kalgoorlie in Western Australia.

Results come from holes SNDD021 and SNDD022 that were drilled at the St Patricks prospect into a gap between the nickel sulphide mineralisation used in the mineral resource estimate (MRE).

Notably, both holes successfully intersected massive nickel sulphides just above the basal contact.

Significant intersections include 3.01 metres at 5.23 per cent nickel, 0.69 per cent copper and 0.77 grams per tonne (g/t) platinum group elements (PGE) from 177.08 metres and 0.84 metres at 2.98 per cent nickel, 0.36 per cent copper and 0.67 g/t PGE from 177.73 metres.

As these intersections come from outside of the modelled resource at St Patricks, the results are expected to increase the tonnage and overall grade of the next MRE.

“The assay results have exceeded expectations confirming high-grade intersections of massive nickel sulphides in holes SNDD021 and SNDD022, which have shown that mineralisation is actually continuous right through what was previously interpreted to be a gap in the St Patricks resource,” Managing Director Aidan Platel said.

“The nickel sulphides intersected in the infill drilling has been consistent with our current model which confirms our existing resource estimation and bodes well for the planned upgrade to the Saints resource, which will underpin the scoping study that is ongoing.”

Auroch was up 2.13 per cent on the market with shares trading at 12 cents at 1:53 pm AEDT.

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