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Aldoro Resources Ltd.
Summary
| Project: | Penny South | |
|---|---|---|
| Deposit: | Penny South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-5-2020: Aldoro Resources Ltd. announces an Exploration/Drilling Update report for its Penny South deposit at the Penny South project. Drilling results incl. 4m @ 2.1g/t Au from 92m. Aldoro Resources Limited (“Aldoro” or “Company”) is pleased to update | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Caedmon Marriott (Internal) | |
| ABSTRACT: | Aldoro Resources Limited (“Aldoro” or “Company”) is pleased to update shareholders on the results of the maiden reverse circulation (RC) drilling program at the Company’s Penny South Project. The program consisted of 23 holes for a total of 4,142m and drilled down to a maximum depth of 258m (see Appendix 1 Drill Hole Table for details), previous deepest historic drilling was 90m. The program aimed to test two areas of interest identified by the Company’s January aircore (AC) drilling (ASX, Deeper Drilling at Penny South Project, 25 February 2020) that showed coincident features of potential mineralised zones including sulphidic quartz veining at the mafic-granodiorite contact, deeper weathering profile, historic intersections of gold mineralisation and geochemical anomalies for Pb and Zn. The program was relatively widely spaced, with drill holes at 70m centres along lines 100m to 200m apart; with 12 holes drilled at the southern target area and 11 holes in the northern target area. Six of the holes (4 north and 2 south) were cased in order to complete a Downhole EM (DHEM) survey but due to various issues encountered (described below) the targets were not adequately tested by this method. | |
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