Auroch identifies thick high-grade nickel sulphide at Nepean
Published 31-MAR-2021 12:51 P.M.
|
3 minute read
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
Auroch Minerals Limited (ASX:AOU) has released extremely impressive assay results from its maiden reverse circulation (RC) drill program at the high grade Nepean Nickel Project 25 kilometres south of Coolgardie, Western Australia.
One 8 metre intersection grading 4.3% nickel included 2 metres at nearly 7% nickel.
The project is located in prime nickel territory and is operated under the Company’s 80:20 JV agreement with Goldfellas Pty Ltd.
Nickel sulphide intersections at shallow depths were confirmed in all holes with high-grade hits including 8 metres at 4.3% nickel and 0.37% copper from 35 metres, 8 metres at 3.2% nickel and 0.13% copper from 63 metres and 5 metres at 3% nickel and 0.8% copper within a broader mineralised zone of 16 metres at 1.4% nickel and 0.3% copper from 49 metres.
The 15 completed near-mine drill-holes have successfully confirmed that high-grade mineralisation occurs as two sub-parallel nickel sulphide lenses at very shallow depths which extend for over 500 metres of strike within the area of the historic Nepean nickel mine as shown below.
Commenting on the outstanding results, managing director Aidan Platel said, “We are thrilled with this latest batch of results from the shallow near-mine drilling at Nepean.
These kinds of grades and thicknesses would be impressive drill results at any depth, but to get such thick high-grade nickel sulphides at such shallow depths is something uniquely special.
"As mentioned previously, the high-grade results from the first 10 drill-holes initially developed our understanding and geological model of the shallow high-grade nickel sulphide mineralisation that now extends for over 500 metres of strike at Nepean.
"However, after those first results our team recognised the need to drill several more holes into critical areas of this mineralisation to confirm our model.
But wait, there’s more
The company’s maiden RC drill programme at the Nepean Nickel Project comprised 32 holes for 3,397 metres.
The results for the remaining 17 drill-holes, which were drilled to test the highest priority regional aeromagnetic targets along the 10 kilometres of prospective strike are still outstanding and are expected to be received in the coming weeks.
Discussing upcoming work in the context of these outstanding drilling results, Platel said, "Recent results have exceeded all expectations, and lay a solid foundation to progress forward to assessing a potential open-pit scenario at Nepean that could generate significant cash flow for the company.
‘’The results from the remaining 17 holes of our maiden drill programme at Nepean are still pending and are expected over the coming weeks, along with results from our regional AC (aircore) programme.
‘’We also look forward to commencing a high-powered ground MLEM survey over priority target areas of the 10km of strike that we have at Nepean.
‘’We believe there is huge potential along strike for significant high-grade nickel sulphide mineralisation, and the pending results will provide important data inputs for our geological model which will be used to generate high potential targets for the next phase of drilling.”
Consequently, there are multiple share price catalysts on the horizon at Nepean, as is also the case at some of its other projects, particularly the Leinster Nickel Project where diamond drilling is testing the Horn Prospect.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
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.
