Auroch Minerals Intersects High Nickel Grades at Saints
THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced intersection of high-grade nickel sulphides at the Saint Andrews deposit of the company’s Saints nickel project in Western Australia.
Auroch Minerals declared nickel sulphide mineralisation to have been confirmed over two main zones, with assays pending above the upper zone it expects to potentially extend the zone even further.
Results include:
SNDD018
2.13 metres at 3.26 per cent nickel, 0.19 per cent copper and 1.24g/t PGE (platinum and palladium) from 167.99m, including 0.31m at 8.83 per cent nickel, 0.44 per cent copper and 2.91g/t PGE (Pt + Pd) from 169.81m; and
4.79m at 2.05 per cent nickel, 0.16 per cent copper and 0.36g/t PGE (Pt + Pd) from 311.98m, including 0.77m at 5.09 per cent nickel, 0.47 per cent copper and 0.50 g/t PGE (Pt + Pd) from 316m.
The diamond drill program comprises predominantly infill drilling aimed at upgrading and potentially extending the current Saints nickel project Mineral Resource of 1.02 million tonnes at 2 per cent nickel for approx. 21,400kt of contained nickel.
“This is an excellent result for the first hole of our current diamond drill program at Saints, confirming two zones of high-grade nickel sulphide mineralisation at Saint Andrews, with individual assays as high as 8.83 per cent nickel,” Auroch Minerals managing director Aidan Platel exclaimed in the company’s ASX announcement.
“With 10 drill-holes now complete, we are working hard to fast-track assay results so that we can commence work on upgrading the Saints Resource, as well as commencing metallurgical testwork from the composite drill core samples.
“With the strong nickel price reaching amazing all-time records yesterday of over US$100,000 per tonne, we believe the Saints nickel project presents significant economic value, and the team is working hard on completing the Saints Scoping Study as we look forward to potential near-term production.”
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