Aldoro Resources (ASX: ARN) has reported “encouraging” results from a 1m interval sampling program of recent reverse circulation drilling intersections at its Penny South gold project in Western Australia.
The maiden reverse circulation program comprised 23 holes for 4,142m and was completed in early May.
From that program, Aldoro selected 113 individual 1m samples, which were then analysed for gold.
Testing revealed 3m at 2.5 grams per tonne gold from 193m, including 1m at 6.7g/t gold; 3m at 2.8g/t gold from 221m, including 1m at 5.2g/t gold; and 1m at 3.4g/t gold from 161m.
Aldoro managing director Caedmon Marriott said the company was “encouraged” by the results of its first reverse circulation drilling program at Penny South.
“This widely spaced program, with lines 100m apart, appears to show a mineralised structure in the southern target area over a strike length of 400m, with assay results not too dissimilar to the Youangarra and Magenta prospects at Ramelius Resources’ (ASX: RMS) neighbouring Penny project.”
“The results warrant further follow up drilling hoping to find areas of increased grade and/or thickness,” Mr Marriott added.
Advancing Penny South
Aldoro has incorporated the maiden reverse circulation drill results into its exploration model for Penny South.
The model will be used to firm up a second reverse circulation drilling program with the assistance of consultant structural geologist Damien Keys.
Aldoro noted an initial review of the maiden drill program suggest the deeper holes may not have reached the target, so this will likely be a focus in the next campaign.
In addition to evaluating drill samples for gold, Aldoro has sent pulps to be analysed for other elements such as lead and zinc.
Aldoro also plans to undertake aircore drilling at Penny South and the nearby Unaly Hill South project.
In addition to gold, Aldoro’s other projects are believed prospective for nickel, copper, platinum group metals, and lithium.
All of Aldoro’s projects are located in WA.