Auric Mining Limited (ASX: AWJ) has obtained positive results following the completion of drilling at the company’s Chalice West Project near Higginsville-Widgiemooltha, Western Australia. The drilling programme was completed with 227 aircore holes drilled for 7,227m
“This initial aircore drilling programme has highlighted the exciting opportunities at Chalice West for several commodities, particularly REE and nickel, in addition to gold,” Managing Director Mark English, said.
“We’ve intersected high REE grades in clays, one result being 4m at 3,591ppm (TREO) including 1.0m at 11,038ppm (TREO) with favourable chemistry that are linked to a strong prospective seven km magnetic feature as well as some good nickel results.
“A strong magnetic high nearby represents another enticing target. Drilling has identified three weathered ultramafic units, two of those with strong nickel anomalism. Our exploration model for nickel compares the new setting with the nearby Widgiemooltha Dome, host to numerous komatiite-hosted nickel deposits.
“This is the first phase of results from our exploration programme, it provides a great steppingstone for exploration and potential development of what could be a fertile new area for multiple commodities.”
Programme and results to date
Onsite pXRF testing for nickel was used as an objective basis for selective (1.0m) sampling and associated laboratory analyses for nickel and other elements.
Assay results have now been received for 119 of the 227 bottom of hole composite samples and for 177 of the 370 single metre selected samples. All of the assays relate to drilling along the interpreted repeat of the Chalice Gold Mine stratigraphy, now referred to as the Chalice West Prospect.
Anomalous nickel intercepts have been returned for nine of the holes, with 9.0m at 3,636ppm Ni recorded for AAC0279 which includes 2.0m at 6,663ppm Ni (0.67% Ni) and 13m at 2,116ppm Ni recorded for AAC0311.
For further information please visit: https://www.auricmining.com.au/
