VC1 looms as highly prospective target for Aldoro
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
Aldoro Resources Limited’s (ASX:ARN) recently undertaken 3D interpretation of the VC1 and VC11 targets located in the Narndee Igneous Complex (NIC) has provided substantial confidence regarding its prospects in the area having revealed the proximity of historical drilling relative to Aldoro’s high ranked VC1 drill target.
The VC1 target is confirmed to be located in a highly prospective geological setting for magmatic nickel-copper sulphides, close to a mafic-ultramafic contact.
VC1 drill holes will target a 8000-18000S modelled conductor which, in conjunction with the favourable geological position, anomalous geochemistry and the geophysical modelling makes it a compelling drill target.
Commenting on the upcoming program Executive Director Joshua Letcher said, ‘’Needless to say, internally we are feeling quite comfortable about the two holes that will be drilled through VC1 as part of the initial drilling program particularly given the target’s shallow depth and significant strike.’’
Historic drilling shows a strong nickel-copper sulphide geochemical signature, immediately west of the VC1 FLTEM conductor model.
The following map shows the broader region where the VC1 and VC11 targets are located.
The elevated levels of nickel and copper, as well as the nickel-copper ratio support the presence of magmatic Ni-Cu sulphides at VC1.
The intercepts differ from those previously reported, and at a 500ppm copper cut-off they better represent the geological context and alleviate inconsistencies identified in the 1 metre resampling dataset.
The VC1 target is interpreted to have an east-northeast strike extent of 60 metres to 70 metres, a plunge extent of 490m at -21 degrees towards the north-northeast, and it has a modelled conductance of 8000-18000S.
The geophysical modelling makes it a compelling drill target in conjunction with the favourable geological position and anomalous geochemistry.
A cross-section looking north shows the proximity of historic drill holes to Aldoro’s VC one bedrock anomaly and drill target.
The VC11 target is interpreted to have an east-southeast strike extent of 60 metres to 70 metres, a plunge extent of 250 metres at -52 degrees towards the south-southwest.
It has a modelled conductance of 500-800S, and although this is a subtle target with limited geochemical and geological support, it is a robust greenfields target warranting drill testing.
Geophysical work paying dividends, promising drilling nearby
Management is further encouraged by its strategy of de-risking its exploration program with the application of multiple geophysical methodologies which it believes will substantially increase the chances for discovery at its flagship Narndee Project.
The Narndee Project continues to be Aldoro's core focus going forward, and the company will provide shareholders with regular updates on exploration progress.
There has been some further encouraging news from other players operating in the region with historical drilling by Maximus Resources (ASX:MXR) intersecting nickel and copper, while appearing to have just missed the strong conductor (+10,000 Siemens) discovered by FLTEM and MLTEM conducted by ARN and ground-truthed with soil sampling.
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.
