These really are walk up targets. Alliance (AGS) has already completed an auger program in March, over the northern part of Owen's Anomaly and some wide spaced air core on E15/1708 in 2018 (They failed to identify a primary gold source). The air core holes were vertical and 160m spaced and only went a rough average of ~50m deep (varying from 4m to 81m deep) so could have easily missed any structures in between.
Nepean Project (E15/1658)
• A 250 sample first pass auger soil sampling program was completed during March 2020 to extend
the previously defined gold in soil anomalism at the Nepean Project, on a 100 metre by 200 metre
spaced grid. The results from this auger soil sampling program have more than doubled the size of
the gold in soil anomaly (+7.5 ppb Au threshold), which now covers a 4.5 square kilometre area.
• The next phase of exploration planned at the Project is aircore drilling to test for gold in regolith
anomalism, which can be used as a vector towards a primary gold deposit.
AOU just purchased the Napean mine and tenements off Focus (acq. Completed 17th of December). This is a snippet from the Acquisition Announcement about some of the drill hits to the south of the mine by focus in 2008 before the nickel price went to poop:
Auroch Managing Director Aidan Platel commented:
“The acquisition of the high-grade Nepean Nickel Project adds enormous potential to our existing portfolio
of high-grade nickel sulphide projects in Western Australia. Completion of the acquisition now means we
can quickly move forward with our planned exploration programmes.
Given our strong cash position, the Company has been able to immediately commit to an aggressive drilling
campaign in early 2021, commencing with a 3,000m reverse circulation (RC) drill programme at Nepean
in January. All work permits (POWs) have already been received for the drilling, and a drilling contractor
has been locked in. The programme will aim to confirm the existing remnant nickel sulphide mineralisation
at the mine, and to test extensions to the known shallow, very high-grade nickel sulphide mineralisation
to the south of the mine, as well as drilling exciting new targets further north and south along strike from
the mine as defined by the aeromagnetics.
It is a very complete programme with great potential to intersect high-grade nickel sulphide mineralisation
and we look forward to the new year and the drilling results from Nepean, and creating value for our
shareholders.”
Will be great to see them do some high tech Geophysics surveys to to target the sulphides. From Prospectus:
GLTAH DYOR
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- Ann: BPM Lists on ASX and Prepares for Nepean Drill Program
Ann: BPM Lists on ASX and Prepares for Nepean Drill Program, page-5
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