Aldoro Resources has followed up its “hole in one” late last week with a second sulphidic drill hole from the company's Narndee base-metals project in WA. The company's second drill hole hit 11.2m of sulphide mineralisation, including 3.9m of the elusive massive sulphides from the southern strike extensions to its VC1 electromagnetic target. The company's maiden drill hole over the target delivered 2m of massive sulphides.
ASX listed Aldoro Resources has hit paydirt with its maiden drill hole at its VC1 geophysical target within the company's flagship Narndee Igneous Complex project. Approximately 2m of complex nickel-copper massive sulphides have been recovered and significantly, the maiden hole is also the first hole drilled in the area in nearly a decade.
Aldoro Resources continues to expand its strategic ground-holding across the Windimurra-Narndee terrane east of Paynes Find after the company put its foot on additional prospective lithium tenure adjacent to its existing permits in the region. Aldoro has signed a heads of agreement with privateer Mining Equities to acquire exploration licence E 58/571 which sits next to the company's Wyemandoo and Windimurra permits.
ASX-listed Aldoro Resources has substantially increased its exposure to the battery metals sector after it successfully completed due diligence on and settled the acquisition of two lithium-rich projects in Western Australia's Mt Magnet region adjacent to its Narndee-Windimurra project. Aldoro will now pick up Meridian 120 Mining's 100 per cent interest in tenements located in the Mt Magnet area of Western Australia.
Aldoro Resources has added to its exploration target list in Western Australia, with recent geophysical surveying over its tenure on the Narndee Intrusion, east of Paynes Find, lighting up new drill targets. Moving loop electromagnetic surveys over the ground to the east of its VC1 prospect has highlighted two prospective sulphide conductors, with three-dimensional modelling providing additional targets for current drilling programs.
Aldoro Resources is spreading its wings in Western Australia's Murchison region, snapping up lithium pegmatite prospects adjacent to its Windimurra lithium footprint through a deal to acquire the neighbouring Wyemandoo as well as the Niobe tantalum-lithium project near Mount Magnet from privately-owned Meridian 120 Mining. Aldoro says Windimurra is rich in lithium-cesium-tantalum or “LCT” type pegmatites, with tungsten also present.
Aldoro Resources is poised to kick-off drilling at its Narndee project, east of Paynes Find in Western Australia. The company owns a strategic ground holding over the underexplored terrane, with recent work outlining two high-priority nickel-copper-PGE targets that have now been flagged for drill testing in addition to the recent discovery of a potential lithium-bearing pegmatite swarm on the company's nearby Windimurra tenure.
Larvotto Resources is among a long list of gold explorers seeking to trade on the ASX, this month announcing plans to raise up to $10 million through its IPO.
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Today's board moves wrap includes Rhoderick Grivas, Joshua Letcher, Helen Fisher, Susan Hunter, Telma Southgate, Alfie Germano, Wayne Best, and Adrian Griffin.
Black Cat Syndicate has launched a $10 million share placement, with three other Western Australian-based explorers also seeking funds to progress their gold and copper projects.
Our daily board moves wrap includes Rhoderick Grivas, Caedmon Marriott, Bill Oliver, Chris Afentoulis, Bruce McQuitty, Patrick Holywell, and Patrick Burke.
