"Geophysical surveys targeting nickelcopper sulphides commence at Perrinvale Perrinvale EM surveys underway Ardea Resources Limited (Ardea or the Company) is pleased to announce that geophysical surveys have commenced at the 100 % owned Perrinvale nickel-copper sulphide project ~80km west of Leonora in the Eastern Goldfields Province of Western Australia. Several areas are highlighted for tailored moving loop EM surveys across the eastern extension of the Cathedrals Belt, Australia’s newest nickel field. The aim is to identify shallow-level conductors for near-term drill testing. Recent successes within the belt to the immediate west of Ardea’s E 29/1006 tenement (St George Mining, ASX release 2/09/2019) include massive nickel-copper sulphide mineralisation beneath shallow cover intercepted at Radar (8km west) and a Ni soil anomaly at Fish Hook (2km west). These occurrences were identified by similar geophysical techniques to the current Perrinvale survey. Ardea is hoping to identify similar targets."
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I was curious why ARL spiked up so aggressively yesterday and I see the bold sentences.
Pertinent market/industry news/articles, page-2114
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $90.85M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 45.5¢ | $54.70K | 119.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65989 | 45.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 22000 | 1 |
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| ARL (ASX) Chart |