Auroch identifies thick high-grade nickel sulphide at Nepean

By Trevor Hoey. Published at Mar 31, 2021, in Mining

Auroch Minerals Limited (ASX:AOU) has released extremely impressive assay results from its maiden reverse circulation (RC) drill program at the high grade Nepean Nickel Project 25 kilometres south of Coolgardie, Western Australia.

One 8 metre intersection grading 4.3% nickel included 2 metres at nearly 7% nickel.

The project is located in prime nickel territory and is operated under the Company’s 80:20 JV agreement with Goldfellas Pty Ltd.

Nickel sulphide intersections at shallow depths were confirmed in all holes with high-grade hits including 8 metres at 4.3% nickel and 0.37% copper from 35 metres, 8 metres at 3.2% nickel and 0.13% copper from 63 metres and 5 metres at 3% nickel and 0.8% copper within a broader mineralised zone of 16 metres at 1.4% nickel and 0.3% copper from 49 metres.

The 15 completed near-mine drill-holes have successfully confirmed that high-grade mineralisation occurs as two sub-parallel nickel sulphide lenses at very shallow depths which extend for over 500 metres of strike within the area of the historic Nepean nickel mine as shown below.

Commenting on the outstanding results, managing director Aidan Platel said, “We are thrilled with this latest batch of results from the shallow near-mine drilling at Nepean.

These kinds of grades and thicknesses would be impressive drill results at any depth, but to get such thick high-grade nickel sulphides at such shallow depths is something uniquely special.

"As mentioned previously, the high-grade results from the first 10 drill-holes initially developed our understanding and geological model of the shallow high-grade nickel sulphide mineralisation that now extends for over 500 metres of strike at Nepean.

"However, after those first results our team recognised the need to drill several more holes into critical areas of this mineralisation to confirm our model.

But wait, there’s more

The company’s maiden RC drill programme at the Nepean Nickel Project comprised 32 holes for 3,397 metres.

The results for the remaining 17 drill-holes, which were drilled to test the highest priority regional aeromagnetic targets along the 10 kilometres of prospective strike are still outstanding and are expected to be received in the coming weeks.

Discussing upcoming work in the context of these outstanding drilling results, Platel said, "Recent results have exceeded all expectations, and lay a solid foundation to progress forward to assessing a potential open-pit scenario at Nepean that could generate significant cash flow for the company.

‘’The results from the remaining 17 holes of our maiden drill programme at Nepean are still pending and are expected over the coming weeks, along with results from our regional AC (aircore) programme.

‘’We also look forward to commencing a high-powered ground MLEM survey over priority target areas of the 10km of strike that we have at Nepean.

‘’We believe there is huge potential along strike for significant high-grade nickel sulphide mineralisation, and the pending results will provide important data inputs for our geological model which will be used to generate high potential targets for the next phase of drilling.”

Consequently, there are multiple share price catalysts on the horizon at Nepean, as is also the case at some of its other projects, particularly the Leinster Nickel Project where diamond drilling is testing the Horn Prospect.


View Our Investment Portfolios


S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X