Auroch cranks out more WA nickel hits at Saints
Auroch Minerals has booked more high-grade nickel sulphide results at its Saints nickel project in WA, following on from impressive intersections reported just a fortnight ago. Diamond drilling at both the Saint Andrews and Saint Patricks orebodies has yielded some high-grade results as the company looks to complete a scoping study over the wider Saints project in WA’s northern goldfields.
The drill-hole, part of the current infill programme, intersected massive nickel sulphides in two zones according to the company, both in the upper hanging-wall zone and in the lower zone just above the basal contact. Auroch said assays are still pending for several mineralised samples immediately above the intersection that could further increase the width of the upper mineralised zone.
The company is aiming to upgrade the current Saints mineral resource estimate, or “MRE” of 1.02 million tonnes at 2.0 per cent nickel for 21,400 tonnes of contained nickel from an Inferred Resource category to a predominantly Indicated Resource category. Late last month, Auroch reported two diamond drill holes into the neighbouring Saint Patricks orebody that successfully intersected massive nickel sulphides on the basal contact.
With a super charged nickel price re-writing records and headlines across the globe, Auroch may have picked the right time to start putting some serious numbers into the scoping study for its Saints nickel project.
CREDIT – Bulls N Bears