Aldoro Resources Limited’s (ASX:ARN) confidence in its Penny South Project in Western Australia has been boosted by encouraging results from 1m interval sampling from a recent reverse circulation (RC) drilling programme.
A total of 113 individual 1m samples were selected and assayed based on the results of the 4m composite samples and a review of the geological logging.
Managing Director Caedmon Marriott said the samples were analysed for gold by fire assay, with results showing a number of interesting intersections of up to 6.7g/t Au.
The intersections extend across multiple drill lines in the southern target area. These drill holes targeted the contact between the N-S trend of the Penny West Shear, inferred from a mafic schist unit observed in historic drill logs, and a granodiorite unit, outlined by the Company’s January aircore (AC) drilling.
Mr Marriott said that whilst this initial RC programme was quite widely spaced the results appear to show a mineralised structure extending for a strike length of over 400m, open in all directions.
We are encouraged by the results of the company’s first RC program at Penny South,” Mr Marriott said.
“This widely spaced program, with lines 100m apart, appears to show a mineralised structure in the southern target area over a strike length of 400m, with assay results not too dissimilar to the Youangarra and Magenta Prospects at Ramelius Resources’ neighbouring Penny Project.
“The results warrant further follow up drilling hoping to find areas of increased grade and/or thickness.”
The results of the maiden RC drilling program have been incorporated into the Aldoro’s exploration model and will be used to plan a follow up RC program with the help of the Company’s consultant structural geologist Damien Keys. Initial review of the drill program suggests the deeper holes may not have reached the mafic-granodiorite contact target, so this may be a focus of follow up drilling.
Pulps from the assayed samples are in the process of being analysed for multi-element pathfinders such as Pb and Zn, to define any correlation with areas of higher grade gold, that could be useful for future exploration work in the project area.
Aldoro is also in the process of planning further AC drilling at the Penny South and Unaly Hill South Projects.