Gold and nickel explorer Aldoro Resources (ASX: ARN) has “confidently” confirmed two walk-up, drill-ready targets at its Narndee nickel-copper-platinum group elements (PGE) project in Western Australia thanks to the completion of a highly-anticipated survey.
The company kicked off the fixed loop transient electromagnetic (FLTEM) survey at its wholly-owned project in February and announced its completion this week. Data is currently being processed for a final report expected in mid-April.
The survey confirmed VC1 and VC11 with “high confidence” as “walk-up, drill-ready” targets with Aldoro’s consultant geophysicist recommending drill testing.
Two additional targets, VC3 and VC7, have been confirmed as bedrock conductors and will undergo further definition via a moving loop transient electromagnetic (MLTEM) survey, the company added.
Today’s news follows early positive results from the FLTEM survey, which was planned after 16 targets were identified at the project late last year – seven believed to be bedrock conductors and nine broader, deeper anomalies.
MLTEM surveying planned
Aldoro said it would bring forward its planned MLTEM survey due to “unavoidable delay” with geophysical contractors that were scheduled to conduct a dipole-dipole induced polarisation survey at the project.
The MLTEM survey will be conducted over high-priority targets coincident with topographic highs identified from the versatile time-domain electromagnetic digital elevation model (VTEM DEM) data.
It will further discern the anomalies with a very constrained vertical attitude, as well as filter out any superparamagnetic (SPM) responses that may be apparent, Aldoro said.
A site visit is also being planned for field mapping including identifying the presence of gossanous outcrop relative to historic geochemical soil sampling, as some of the results – such as VC1 – indicate relatively shallow bodies which may have a surface expression.
Follow-up geochemical surveys with portable x-ray fluorescence (XRF) will also be conducted.
Aldoro has engaged HPEM Geophysical Services to conduct the MLTEM survey with Southern Geoscience Consultants to review the results.
Aldoro’s 100% owned Narndee project is 400km northwest of Perth and southeast of the historic Mount Magnet gold mining centre. The company is hoping to uncover a nickel-copper-PGE discovery similar to Chalice Mining’s (ASX: CHN) Julimar deposit.