Total
0
Shares
Source: Auroch Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Auroch Minerals (AOU) identifies multiple drill targets at the Nepean Nickel project in Western Australia following completion of down-hole geophysical surveys
  • The company is testing down-plunge extensions to the high-grade nickel sulphide mineralisation below the historic Nepean mine
  • A down-hole electromagnetics survey at the first hole has identified three off-hole conductors which AOU believes holds potential for nickel sulphide mineralisation
  • Additionally, assay results from regional reverse circulation drilling completed at Nepean have defined multiple drill targets for follow-up testing
  • Shares closed flat at 18 cents each

Auroch Minerals (AOU) has identified multiple drill targets at the Nepean Nickel project in Western Australia following completion of down-hole geophysical surveys.

Surveys have been completed on the first drill-hole of the company’s maiden diamond drilling program at the Nepean Deeps target within the project area.

The company is testing down-plunge extensions to the high-grade nickel sulphide mineralisation below the historic Nepean mine.

A down-hole electromagnetics survey at the first hole has reportedly identified three off-hole conductors which the company said could indicate well-developed nickel sulphide mineralisation.

Moreover, a down-hole magnetometric resistivity survey of the same hole found one clear off-hole anomaly at 1230 metres down-hole.

AOU said in conjunction with 78 metres of prospective komatiitic ultramafics intersected over four intervals, the conductors provide high priority drill targets for the ongoing drilling program.

Moving forward, Managing Director Aidan Platel said as the shallowest of the conductors was close to the historic mine workings it would be the first tested by the next drill-hole which is set to commence later this week.

The company has also reported assay results from the regional reverse circulation program completed at Nepean. AOU said this defined several strong drill targets it believes could host significant nickel sulphide mineralisation.

Commenting on the results to date, Aidan Platel said: “The enormous prospectivity of the Nepean Project is really beginning to become apparent, and we will continue with our aggressive exploration programs as we push forward to finding that potential new nickel sulphide discovery.”

Shares closed flat at 19.5 cents each.

AOU by the numbers
More From The Market Herald

" Celamin (ASX:CNL) secures commitments to raise $3.2m

Celamin Holdings (CNL) has secured binding commitments to raise $3.2 million at 7.5 cents per share. The company will issue up to 42.6...

" Kula Gold (AXS:KGD) releases RC results at Boomerang Kaolin prospect

Kula Gold (KGD) has released reverse circulation (RC) drilling results at its Boomerang Kaolin prospect in Western Australia’s Southern Cross region.

" Winchester Energy (ASX:WEL) acquires oil field in Texas

Winchester Energy (WEL) has acquired a 100 per cent working interest in the Varn oil field in Texas.
West Wits Mining (ASX:WWI) - Chairman. Michael Quinert

" West Wits Mining (ASX:WWI) increases Witwatersrand MRE by 20pc

West Wits Mining (WWI) has announced an update to the JORC mineral resource estimate (MRE) at its Witwatersrand Basin Project (WBP) in South