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Aldoro Resources Ltd.
Summary
| Project: | Leinster | |
|---|---|---|
| Deposit: | Firefly | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Zinc | |
| Date: | 12/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2019: Aldoro Resources Ltd. announces an Exploration/Drilling Update report for its Firefly deposit at the Leinster project. Drilling results incl. 67m @ 1143ppm Ni, 56ppm Cu, 41ppm Zn from 208m. Aldoro Resources Limited (“Aldoro” or “Company”) has | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Oliver (Not stated) | |
| ABSTRACT: | Aldoro Resources Limited (“Aldoro” or “Company”) has received final assay results for its recent drilling program at the Firefly Prospect, part of the Leinster Nickel Project. Drilling tested the bedrock conductors modelled within a large, 1km scale anomaly associated with the contact of a high magnetic response unit (Figure 1), (ASX, Drilling Commences at Leinster Nickel Project, 7 October 2019). Drilling at the Firefly Prospect encountered a mixture of basalts (including high Mg), coarse grained mafic and ultramafic lithologies. Nickel concentrations were elevated in the high Mg and ultramafic units as expects with results of 67m at 0.11% Ni (AFFRC04) and 28m at 0.13% Ni (AFFRC02). Encouragingly high contents of nickel were returned near the base of the ultramafic pile in AFFRC02 with 3m at 0.14% Ni, along with 12m at 0.15% Ni at a higher stratigraphic position. This could reflect magmatic processes at work which elsewhere form mineralisation through concentration of denser sulphide minerals. The mineralogy of the significant sulphide bearing intervals was dominated by pyrite and hosted within mafic rocks (ASX, Exploration Update, 28 October 2019). Sampling of these intervals in AFFRC05 returned 2m at 0.54% Zn and 0.09% Cu. Any further work at the Firefly Prospect will be dependent on a review of the project as the Company focuses it attention on the Penny South and Cathedrals Belt Project during the first half of 2020. The Company further announces that it has received and accepted the resignation of Mr Jeremy King from the Board. The Company would like to thank Jeremy for his direction and guidance, as Chairman of the company, through listing and the company’s progress to date. The Company wishes Jeremy well for the future as he concentrates on other interests. | |
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