Aldoro to commence drilling at Penny South in January
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Aldoro Resources Limited (ASX:ARN) has received approval for its Program of Work (POW) relating to the company’s maiden drilling program at the Penny South Gold Project in Western Australia.
A preliminary 5000 metre aircore (AC) campaign is schedule to commence in the second week of January 2020 and should take approximately 3 weeks to complete.
This first pass program aims to test the magnetic low corridor, interpreted as the strike extension of the Penny West Shear by the company’s recent targeting work.
Approximately 100 holes are planned at 100 metre x 25 metre spacing along two kilometres of strike.
Identifying similar mineralisation to nearby deposits
Aldoro will conduct sample analysis for gold and multi-element geochemistry for pathfinder elements known to be associated with mineralisation at the neighbouring Penny West and Penny North deposits.
The Penny South Gold Project is contiguous to Spectrum Metals’ (ASX:SPX) Penny West Project in the Youanmi Gold Mining District in the Murchison Region of Western Australia.
Commenting on this latest development, Aldoro’s managing director Caedmon Marriott said, “It is exciting to be moving ahead with our maiden drilling campaign at Penny South.
‘’The first pass program aims to test for shallow mineralisation in this target corridor that hasn’t adequately been tested by historic drilling.
‘’Also, we’ll be testing for combinations of gold and pathfinder elements, lithology and alteration, as indications of potential deeper mineralisation to be tested by a subsequent follow up program.”
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