Alligator confirms sulphide mineralisation at cobalt-nickel play
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Alligator Energy Limited (ASX:AGE) has provided an update regarding its on-ground work at the Piedmont Cobalt-Nickel project in northern Italy.
The Piedmont Project is a farm-in/joint venture arrangement with Chris Reindler and Partners (CRP). It is located within an historic mining district where cobalt, nickel and copper mining took place from the late 1800s to the end of World War 2.
Cobalt production grades of over 0.2% and nickel grades of over 2% were recorded within the area.
AGE’s progress since mobilisation of the field team on 11 May 2018 has been:
- Additional small historic mine workings with outcropping massive sulphides identified proximal to previously identified deeper EM target
- Visual identification of massive sulphide mineralisation proximal to the other historic mines within the area
- Initial geological mapping indicates the potential for continuity of mineralisation observed at historic mines both at depth and laterally providing a prospective strike of over 2 km
- First samples for geochemical assay dispatched
Since commencing the above activities, AGE has coordinated meetings with CRP and local geologists, and completed initial familiarisation inspections on-ground. It has also undertaken systematic mapping and geochemical sampling over key areas, primarily to validate historic geophysical, geochemical and geological data, as well as establish the most effective methods for geophysical refinement of drill targeting.
Initial observations identified the presence of massive sulphides in a system with a width of up to four metres within the Alpe Laghetto tenement.
It’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.
Checks were undertaken via pXRF samples on select minerals at Piedmont to provide indicative confidence in the tenure of previously reported historical nickel and copper grades. However, this analysis was not completed to JORC standard and AGE does not utilise pXRF to replace geochemical assay.
Geochemical sampling and mapping continues at the project, while initial meetings are being held with several companies regarding surface geophysics capabilities. In addition, logistics and accommodation for AGE’s on-ground team have been secured in the town of Varallo, which is approximately 10km of the tenements.
Future plans
In preparation for a potential initial drilling program (Phase 2) AGE has commenced applications for drilling. This requires an application to the Italian Environmental Department for clearance approval, and then the granting of a permit by the Mines Department.
The company has also conducted meetings between AGE’s geologists and the Geology Division at the University of Modena, a group with extensive understanding of the regional geology and opportunities for future collaboration are being assessed.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
