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ASX ANNOUNCEMENT
24th February 2022
SAINTS NICKEL PROJECT DRILLING UPDATE
Highlights
- Two drill-holes (SNDD021 and SNDD022) have intersected significant intercepts of massive nickel sulphides outside of the current modelled resource at the Saint Patricks deposit
- Seven drill-holes (1,813m) have been completed, including two holes for composite samples for important metallurgical testwork required for the Saints Scoping Study
- The major diamond drill programme comprises predominantly infill drilling aimed at upgrading and potentially extending the current Saints Nickel Project Mineral Resource of 1.02Mt @ 2.0% Ni for 21,400kt of contained nickel1
- The drill programme is expected to be completed within three weeks, with logging and sampling of the drill core being fast-tracked, after which the drill rig will mobilise to the Leinster Nickel Project
Auroch Minerals Limited (ASX:AOU) (Auroch or the Company) is pleased to announce that two drill- holes from the current diamond drill programme at the Saints Nickel Project (Saints; Auroch Minerals 100%) in Western Australia have successfully intersected significant intercepts of massive nickel sulphides outside of the current modelled resource at the Saint Patricks deposit.
SNDD021 and SNDD022 were drilled into the Saint Patricks channel into a gap between the modelled nickel sulphide mineralisation used in the current mineral resource estimation (Figure 2). Both holes successfully intersected massive nickel sulphides on the basal contact, with SNDD021 intersecting 3.01m of massive nickel sulphides from 177.08m (Photograph 1) and SNDD022 intersecting 0.84m from 177.73m.2
To-date, seven drill-holes for 1,813m of the major diamond drill programme at Saints have been completed, which is aimed at upgrading the current Saints Mineral Resource Estimate (MRE) of 1.02Mt @ 2.0% Ni for 21,400kt of contained nickel1 from an Inferred Resource category to a predominantly Indicated Resource category (Table 1). The majority of the programme has been infill drilling, including two holes specifically designed for metallurgical testwork with a third hole currently being drilled. Four of the holes have been drilled at the Saint Andrews Prospect and three at the Saint Patricks Prospect (Figure 1).
In addition to extensional drill-holes SNDD021 and SNDD022, the infill drill-holesat both Saint
Patricks and Saint Andrews have successfully intersected disseminated, matrix and massive nickel sulphides (Table 2) at depths consistent with the existing modelled mineralisation, confirming the validity and robustness of the existing model.
Auroch Managing Director Aidan Platel commented:
"We are delighted with the visual results we are seeing so far from our diamond drill programme at Saints, particularly those intersections of massive nickel sulphides in holes SNDD021 and SNDD022 which have shown that mineralisation is actually continuous right through what was previously interpreted to be a gap in the Saint Patricks Resource.
- JORC (2012) Inferred Resources, above a 1.0% Ni cut-off grade. Refer to ASX Announcement - AUROCH TO ACQUIRE HIGH-GRADE WESTERN AUSTRALIAN NICKEL PROJECTS https://www.asx.com.au/asxpdf/20190528/pdf/445dz31g15d0kx.pdf.
- Intersections are reported as down-hole widths which current modelling suggests is very close to true width
Auroch Minerals Ltd ABN 91 148 966 545
Suite 10, 38 Colin St, West Perth WA 6005 Phone: +61 8 6383 7817 Fax: +61 8 6245 9853
Email: admin@aurochminerals.com www.aurochminerals.com
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ASX ANNOUNCEMENT
24th February 2022
The nickel sulphides intersected in the infill drilling has been consistent with our current model which confirms our existing resource estimation and bodes well for the planned upgrade to the Saints Resource, which will underpin the Scoping Study that is ongoing.
We also now have the bulk samples we require to commence the all-important metallurgical testwork for the Saints nickel sulphide mineralisation, so everything is coming together and really looking good as we progress our Saints Scoping Study towards completion in the June quarter."
Logging and sampling of the drill core are being fast-tracked so that the geological information and geochemical assay results can be used for the planned upgrade to the MRE which is critical to the Saints Scoping Study. Similarly, the bulk samples provided from the metallurgical holes will allow the necessary metallurgical testwork to commence, which is also a key input of the study.
The Saints diamond drill programme is expected to be completed within three weeks, after which the drill rig will mobilise to the Leinster Nickel Project to test promising priority drill targets generated from a recent technical review of the data at the Horn, Woodwind and Brass Prospects.
Photograph 1 - 3.01m of massive nickel sulphides from 177.08m in drill-hole SNDD021 at Saint Patricks
Auroch Minerals Ltd ABN 91 148 966 545
Suite 10, 38 Colin St, West Perth WA 6005 Phone: +61 8 6383 7817 Fax: +61 8 6245 9853
Email: admin@aurochminerals.com www.aurochminerals.com
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24th February 2022
Figure 1 - Map of the Saints Nickel Project showing historic collars, current and planned drill-holes against
interpreted geology and resource outline
Auroch Minerals Ltd ABN 91 148 966 545
Suite 10, 38 Colin St, West Perth WA 6005 Phone: +61 8 6383 7817 Fax: +61 8 6245 9853
Email: admin@aurochminerals.com www.aurochminerals.com
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24th February 2022
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Figure 2 - Long-section of the current modelled resource at the Saint Patricks Prospect showing planned and
intersected pierce points from current drill programme
This announcement has been authorised by the Board of Directors of the Company.
-END-
For further information visit www.aurochminerals.comor contact:
Aidan Platel
Managing Director
E: aplatel@aurochminerals.com
Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Matthew McCarthy and represents an accurate representation of the available data. Mr McCarthy (Member of the Australian Institute of Mining and Metallurgy) is the Company's Senior Geological Officer and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code 2012"). Mr McCarthy consents to the disclosure of this information in this report in the form and context in which it appears.
Auroch Minerals Ltd ABN 91 148 966 545 | FOLLOW US |
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ASX ANNOUNCEMENT
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Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Auroch Minerals Limited's planned exploration programmes and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may", "potential", "should," and similar expressions are forward-looking statements. Although Auroch Minerals Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Table 1 - Details of completed diamond drill-holes in the current drill programme at the Saints Nickel Project
HOLE ID | EASTING | NORTHING | ELEVATION | AZIMUTH | DIP | FINAL | ||||||||||||||||||
(m) | (m) | (m) | DEPTH (m) | |||||||||||||||||||||
SNDD016 | 329,819.1 | 6,672,484 | 365 | 090 | -70 | 220 | ||||||||||||||||||
SNDD017 | 329,820.3 | 6,672,433 | 366 | 090 | -70 | 240 | ||||||||||||||||||
SNDD018 | 329,693.6 | 6,672,432 | 365 | 090 | -72 | 378 | ||||||||||||||||||
SNDD019 | 329,299.4 | 6,673,249 | 362 | 090 | -75 | 240 | ||||||||||||||||||
SNDD020 | 329,856.1 | 6,672,449 | 366 | 090 | -65 | 200 | ||||||||||||||||||
SNDD021 | 329,323.4 | 6,673,289 | 366 | 090 | -60 | 240 | ||||||||||||||||||
SNDD022 | 329,332.1 | 6,673,235 | 363 | 090 | -65 | 295 | ||||||||||||||||||
Table 2 - Visual estimations of the nickel sulphide intersections from current diamond drill programme at the
Saints Nickel Project (Pn = pentlandite, Cpy = chalcopyrite, Po = pyrrhotite, Py = pyrite)
HOLE ID | From (m) | To (m) | SULPHIDE | SULPHIDE TEXTURE | ||||||||||||
ASSEMBLAGE | ||||||||||||||||
SNDD016 | 156 | 157 | Pn>Po | Stringer | ||||||||||||
61 | 61.4 | Pn>Po | Semi Massive | |||||||||||||
SNDD017 | ||||||||||||||||
Blebby-Semi | ||||||||||||||||
201 | 202 | Pn>Po | Massive | |||||||||||||
SNDD018 | 164.5 | 170.64 | Po>Pn>Py | Disseminated | ||||||||||||
170.64 | 170.89 | Pn>Po | Massive | |||||||||||||
318 | 320.7 | Po>Pn>Py | Disseminated | |||||||||||||
320.7 | 321.4 | Pn>Po>Cpy | Semi Massive | |||||||||||||
321.4 | 322.2 | Pn>Po>Cpy | Massive | |||||||||||||
Stringer - | ||||||||||||||||
SNDD019 | 163 | 187 | Po>Pn>Py | Disseminated | ||||||||||||
SNDD020 | 217.76 | 217.95 | Pn>Po | Semi Massive | ||||||||||||
217.95 | 219.4 | Pn>Po>Cpy | Massive | |||||||||||||
SNDD021 | 177.08 | 180.09 | Pn>Po>Cpy | Massive | ||||||||||||
SNDD022 | 177.73 | 178.57 | Pn>Po>Cpy | Massive | ||||||||||||
Auroch Minerals Ltd ABN 91 148 966 545 | FOLLOW US |
Suite 10, 38 Colin St, West Perth WA 6005 Phone: +61 8 6383 7817 Fax: +61 8 6245 9853 | |
Email: admin@aurochminerals.com www.aurochminerals.com |
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Auroch Minerals Ltd. published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 22:34:19 UTC.