Nepean continues to deliver for Auroch as Leinster looms large
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 received the next batch of assay results from its maiden reverse circulation (RC) drill programme at the high-grade Nepean Nickel Project (Nepean), located 25 kilometres south of Coolgardie, in Western Australia.
This comes within a fortnight of nickel hitting a near seven-year high.
Importantly, further high-grade nickel sulphide intersections have been delineated including 2 metres at 2% nickel and 0.3% copper from 66 metres and 4 metres at 0.77% nickel and 0.05% copper 25 metres.
The project is operated under the company’s 80:20 joint venture agreement with Goldfellas Pty Ltd.
Twenty drill-holes have been completed for approximately 2,400 metres of the company’s maiden RC drilling programme at Nepean, comprising 10 shallow near-mine drill-holes and 10 regional drill-holes testing aeromagnetic targets along the 10 kilometres of prospective strike.
These results build on previous quality intersections from the first six drill holes of the program at Nepean which included impressive grades of up to 1 metre at 5.6% nickel and 0.25% copper from 60 metres.
The ten completed near-mine drill-holes have successfully confirmed that Sill 3 mineralisation, the eastern of two sub-parallel nickel sulphide lenses at Nepean, extends over 200 metres to the south of the existing mineralisation in the historic Nepean mine, thus delineating shallow high-grade nickel sulphide mineralisation for over 500 metres in total strike length.
This, along with the features of the Nepean Nickel Project showing planned and completed drill holes relative to aeromagnetic highs are shown on the following map.
A further 5 drill-holes have been planned to test key areas of the shallow near-mine high-grade mineralisation and will be drilled immediately following completion of the current drill-hole.
Samples from these additional holes will be prioritised at the lab with results expected within the next 2 to 3 weeks.
All exploration drill-holes will be cased for follow-up down-hole electromagnetic (DHEM) surveys to test for any nearby conductive units that may represent massive nickel sulphide mineralisation.
Moving from Nepean to test thick high grade intersections at Leinster
With the additional shallow drill-holes planned near the historic Nepean mine, the current drill programme is expected to continue for another 10 to 15 days, after which assays results will continue to be received and interpreted.
Paving the way for further drilling will be a high-powered ground moving loop electromagnetic (MLEM) survey over priority target areas of the 10 kilometres of strike, due to commence this month.
Further, diamond drilling will commence next week to test the high-priority aeromagnetic anomalies along strike from the Horn Prospect at the company’s Leinster Nickel Project.
The Horn has demonstrated thick high-grade massive nickel-copper sulphides at shallow depths for over 500 metres of strike.
These have featured some impressive grades, including 14.7 metres at 2.2% nickel and 0.5% copper from 132 metres.
As indicated above, aeromagnetic data is promising and with a resource estimate to be completed by the end of year, the company could be positioned to bring the project into production in a relatively short time frame.
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.
