Aldoro Resources Ltd (ASX:ARN) has intersected visible disseminated nickel-copper sulphides, including a zone measuring 49 metres, during a four-hole diamond drilling program at its Narndee Nickel Project in Western Australia.
Investors have reacted positively, with Aldoro shares up by nearly 10% in early trade to $0.115.
Targeting new IP anomalies, the mineral exploration company has drilled two holes for a total of 918.3 metres so far in the 2,000-metre program.
Drilling of a third hole is underway and progressing well.
The results are in
Drill hole NDD0031 intersected four zones of visible sulphides:
- 48.96 metres from 223.06 metres;
- 23.51 metres from 280.33 metres;
- 13.89 metres from 304.15 metres; and
- 8.66 metres from 323.08 metres.
The nature of the sulphides is generally pyrite and pyrrhotite, with pXRF data suggesting the possible presence of pentlandite based on the significant nickel content.
Aldoro is planning an additional drill hole less than 150 metres to the east due to the sizeable length of the sulphide zones intersected here.
NDD0031 core: About 257.7 metres of possible pentlandite; pXRF indicated 3.29% nickel and 0.28% copper.
Drill hole NDD0030 intersected two zones bearing visible sulphides from 117.1-126.8 metres across an initial ultramafic-mafic contact, and from 384.8-394 metres across a second ultramafic-mafic contact boundary.
Samples from the drill core will be analysed for nickel, copper, cobalt, palladium, platinum and gold at the laboratory.
About the company
Aldoro has a portfolio of critical minerals, including rare earth, lithium, rubidium and base metal projects in Western Australia.
The company’s flagship project, the Narndee Igneous Complex, is prospective for nickel-copper-PGE mineralisation.
Its other projects include the Kameelburg rare earth elements project, the Wyemandoo lithium-rubidium-tungsten project and the Niobe lithium-rubidium-tantalum project.