Auroch Minerals

Field Mapping Defines Pegmatite Targets

Auroch Minerals Limited (ASX:AOU) (Auroch or the Company) is pleased to provide an update on exploration activities at the Kangaroo Hills Lithium Prospect, which forms part of the Nepean Nickel Project in Western Australia (Auroch Minerals 80%, Lodestar Minerals Ltd 20%).


Highlights

  • Field mapping completed at the newly discovered Kangaroo Hills Lithium Prospect has identified numerous outcropping pegmatites which will be targeted in upcoming drilling
  • A highly prospective cluster or potential swarm has been identified close to mineralised drill hole intercepts previously reported (6m @ 1.38% Li2O)
  • Planning of a first phase ~3000m RC drilling programme nearing completion
  • Drill Rig and earthworks contracted to start in mid-January

Following the previously announced high grade Lithium (Li) results intersected by RC exploration drilling1, Auroch has now completed a detailed mapping and rock chip sampling exercise over the newly named Kangaroo Hills Lithium Prospect. The mapping exercise has identified a number of outcropping pegmatites close to the previously reported mineralised drill holes NPRC058, NPRC084 and NPRC085 and within the greater prospect area. Rock chip samples have been taken from all locations and these have now been dispatched for assay. The geochemical results from the samples will be utilised in characterising the prospectivity of the pegmatites at outcrop. Li mineralisation may not be present due to weathering, but other pathfinder elements could potentially remain.

Of significance is a cluster of outcrops identified to the south-east of NPRC084 and NPRC058. Importantly, NPRC084 intersected 6m @ 1.38% Li2O, including 2m @ 3.26% Li2O from 198m and NPRC058 intersected 1m @ 0.88% Li2O from 78m, so any pegmatites in this area are considered highly prospective for Li enrichment. It is yet unclear if the cluster represents a larger partially buried unit or a swarm of thinner pegmatites This area will be subject to the first phase of drilling to evaluate the geochemistry of the fresh pegmatite.

Planning of the Phase 1 drilling programme has progressed on schedule. The completed mapping and sampling exercise has helped define several drill hole targets, with the final drill plan to be completed once rock chip assays are returned in early January. Drilling is permitted and a reverse circulation (RC) drilling contractor has been scheduled to start mid-late January with earlier earthworks booked to commence mid-January. The aim of this first phase of drilling will be to test several of the outcropping pegmatites mapped and to test for a continuation of NPRC084’s mineralisation with two planned step out drill holes. This will achieve a better understanding of the geometry of this mineralised pegmatite.

The Company is also planning a phase of target generative geophysics, which is due to commence post the Phase 1 drilling. This work will include a structural and lithological interpretation of the magnetic data, seismic surveys and potentially close spaced ground resistivity surveys.

Auroch Exploration Manager Robin Cox commented:

“The results of the field mapping have exceeded our expectations and is a credit to our field geologists. The sampling results will give us an indication of the potential of these pegmatites and we are excited to be on the ground early in the new year to test the Kangaroo Hills Li Prospect. Following the recent successful ~$2.7M capital raising, the Company is well funded and now has a clearly defined exploration plan to thoroughly test the LCT potential of these pegmatites.”


Click here for the full ASX Release

This article includes content from Auroch Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AOU:AU
The Conversation (0)
Blackstone Minerals

Blackstone Completes Institutional Component of Entitlement Offer

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to announce that it has completed the institutional component (“Institutional Entitlement Offer” or “Institutional Offer”) of its partially underwritten accelerated non-renounceable pro rata entitlement offer as announced on 4 November 2024 (“Entitlement Offer” or “Offer”).

Keep reading...Show less
Blackstone Minerals

Launch of $4M Accelerated Partially Underwritten Entitlement Offer

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to announce that it is undertaking a partially underwritten accelerated non-renounceable pro rata entitlement offer of new fully paid ordinary shares in the Company (“Shares”) on the basis of one (1) new Share (“New Shares”) for every four (4) existing Shares held, to raise up to approximately A$4 million (before costs) (“Entitlement Offer” or “Offer”).

Keep reading...Show less
Ramp Metals (TSXV:RAMP)

Ramp Metals


Keep reading...Show less
Blackstone Minerals

Blackstone Minerals Limited (ASX: BSX) – Trading Halt (2+2)

Description

The securities of Blackstone Minerals Limited (‘BSX’) will be placed in trading halt at the request of BSX, pending it releasing an announcement regarding the outcome of the institutional component of the accelerated entitlement offer. Unless ASX decides otherwise, the securities will remain in trading halt until the commencement of normal trading on Wednesday, 6 November 2024.

Keep reading...Show less
Blackstone Minerals

Quarterly Report for the Period Ending 30 September 2024

Blackstone Minerals Limited (ASX:BSX) is pleased to present its Quarterly Report.

Keep reading...Show less
Nordic Nickel Executive Director Rob Wrixon.

Nordic Nickel's Rob Wrixon: Positive Metallurgical Results at Hotinvaara Enhance Pulju Project

Nordic Nickel (ASX:NNL) Executive Director Rob Wrixon is enthusiastic about the company’s Pulju project in Finland.

As highlighted by Wrixon, this project stands out due to its rare district-scale potential, particularly within Europe, where such opportunities are seldom found.

“It's about 40 kilometres of known mineralised strike, and it extends to depth as well,” he said, indicating not just surface-level, but extensive possibilities. These factors underline the critical role Pulju could play in fulfilling Europe's growing demand for domestic supply of nickel and cobalt.

Keep reading...Show less

Latest Press Releases

Related News

×