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AOU - AUROCH MINERALS LTD


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Highlights

• Second diamond drillhole at the Horn Prospect (HNDD002) has intersected over 7m of nickeliferous massive sulphides from 143m depth

• Logging and sampling of drill core from the first hole HNDD001, including a 5m intersection of semimassive to massive nickel sulphides, has been logged and sampled, and assays are pending

• Drill programme continues with a further 4 holes remaining for the Horn Prospect

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  • 4 months later...

Auroch (AOU) shareprice pulled back in Nov but by the end of 2020, the buying returned. From 15c it got to 30c and now shares are trading around 26c mark.

 

There was the note to acquire Nepean Nickel Project ( tenements located 25km south of Coolgardie), massive sulphides at The Horn, and recently DD at Leinster and sulphide hits at Nepean.

This nickel sulphide focused base metal resource company is building value through targeted high impact exploration in Western Australia.

 

AOU has three nickel projects in Western Australia and all sit in the Norseman /Wiluna Greenstone Belt, home to some of the best nickel projects globally including Leinster, Mt Keith, Kambalda and Widgiemooltha.

 

All of AOU's projects, including Leinster, Saints and Nepean are highly prospective for near surface, high grade nickel sulphide mineralisation.

 

.... The drill programme at Leinster consists of four diamond drill holes and will be followed by reverse circulation (RC) drilling to test strike potential and some of the more advanced regional targets across the Leinster tenure.

..x..x..x..x..x..

 

The Nepean Nickel Project contains the historic high-grade Nepean nickel sulphide mine and was the second producing nickel mine in Australia, producing just over 1.1 million tonnes of ore between 1970 and 1987. The ore was treated by Western Mining Corporation (WMC, now BHP Group Ltd) at its Kambalda processing facilities. The Nepean mine closed in 1987 due to low nickel prices, leaving significant nickel sulphide resources unmined.

 

The Nepean nickel mine has a remnant highgrade JORC (2004) compliant resource: 13,250t contained nickel @ 2.20% Ni. (It should be noted that the resource is JORC(2004) only (i.e. historic estimate) and not compliant with the JORC (2012) code required now.)

 

There is high potential at Nepean to build on the existing remnant resources with drill targets along strike and at depth. AOU has identified several high-priority areas at Nepean, and a 3,500 metre RC drill programme has already yielded some extremely promising results...

Nepean is just 70km from BHP's Kambalda Nickel Concentrator and Smelter and again the presence of nearby processing facilities operated by third parties is a substantial benefit for AOU as BHP looks for more nickel supply.

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