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.
The company’s second drill hole at Narndee is located around 80m to the south of the first successful hole of the program and was designed to test the up-plunge extensions to the mineralised system. A third hole will now be drilled a further 80m to the south to test the southern periphery of the target.
The success of the ongoing drilling program not only provides proof of concept but also adds some excitement to the potential slew of targets across Aldoro’s Narndee nickel-copper project.
Aldoro’s discovery comes courtesy of a recent fixed loop electromagnetic, or “EM” survey over the region that targeted the interpreted mafic-ultramafic contacts within the company’s tenure. The initial survey delivered two targets along strike from a series of outcropping base metal gossans which are indicative of deeper sulphide mineralisation according to the company. The two targets, coined VC1 and VC11 are the subject of the current drilling program.
Subsequent EM surveys lit up another two targets, just three kilometres to the east of the original VC1 discovery and perhaps hint that Aldoro may be uncovering a new copper province in Western Australia’s Murchison mineral field.
The company’s Narndee project is located to the east of Paynes Find, approximately 400km north-east of Perth in WA. The project comprises of three granted exploration licences that cover more than 220 square kilometres of greenstone stratigraphy belonging to the long overlooked Narndee Intrusion.
Aldoro’s primary targets at Narndee are a series of text-book mafic-ultramafic contacts found across the terrane, which are recognised as potentially trap sites for magmatic sulphides. These sulphides can produce similar deposits to Chalice’s famed Julimar nickel-PGE discovery near Perth and Legend Mining’s coveted Mawson nickel-copper discovery in WA’s Fraser Range.
With Aldoro now embarking on its third drill hole on the VC1 discovery, it will have tested close to half the total surface EM target however the budding nickel explorer is now planning to turn up the heat on the discovery, with a down-hole EM contractor expected to have boots on the ground in the week ahead.
Down-hole EM surveying of the VC1 conductor may prove a game-changer for Aldoro as it will likely confirm the continuity of the sulphidic body along strike between the drill holes and begin delineating the deeper extensions to the mineralised lodes. In addition, the survey has the potential to light up any off-hole conductors, potentially expanding the number of lodes across the mineralised envelope as the company prepares to kick into systematic testing of the target.
Aldoro has also taken full advantage of its recent success at Narndee, locking away a further $2.4 million in funding which will be used to accelerate its ongoing exploration program. The company has begun designing a further 10,000m of drilling over its sulphide targets and has locked in a second diamond rig to begin drilling early next month.
Whilst the company is now processing the drill core from its initial drilling at Narndee, visual logging of the samples is already building an air of expectation. As exploration ramps up across the VC1 discovery and its surrounds and continues to come up trumps, pundits can expect an ongoing stream of results from Aldoro’s exciting suite of prospects in the weeks ahead.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
