ARN 2.86% 6.8¢ aldoro resources limited

Yes ARN's tenements for Ryan's Find Project is very close to...

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    Yes ARN's tenements for Ryan's Find Project is very close to (surrounded by) AUN's Mt Dimer gold prospects and surrounding TSC's Taipen Project at Mt Dimer region.

    The company's Ryan's Find project exploration to date focused on the nickel-cobalt potential of ultramafic rocks however they now know that it has the gold potential with more than 40 km of strike length of relatively underexplored greenstone belt. This project actually has the best part of the region IMO.

    ARN is well ware of the potential here and watching others atm. They said these on it's latest Quarterly activity report (April 30 2021);

    "Ryan's Find Project

    The Ryan's Find Project is located 100km northwest of Southern Cross (Figure 5), with exploration to date focused on the nickel-cobalt potential of ultramafic rocks within the Watt Hills Greenstone belt. During the reporting period, Aldoro received assay results from a first pass geochemical survey at Ryans Find completed earlier in 2019 (ASX, ARN to Focus on Nickel Potential of Ryan' Find Project, 28 August 2019). The survey aimed to verify nickel-cobalt anomalism in historical geochemical surveys and enable targeting of future work programmes.

    However, following a review of the Company's exploration portfolio, Aldoro has since decided to focus solely on the gold potential of the Ryans Find Project area, with more than 40 km of strike length of relatively underexplored greenstone belt, bookended by historic gold mines and workings. The Company notes the recent acquisition of the historic Taipan Mine by Twenty Seven Co (ASX:TSC, 11 September 2020) for up to A$3.15m in cash and stock. This historic mine, located on tenement M77/515, is almost surrounded by Aldoro's tenement E77/2535, with potential for strike extension of this mineralised structure into Aldoro's ground. Aldoro is actively pursuing the grant of tenements ELA77/2520, ELA77/2535 and ELA16/551 with a gold focused exploration program prepared and ready to commence as soon as that occurs
    ".

    This is another high potential project and I think we will talk a lot about this project later when the main exploration program and drilling starts. (I am doing my own research btw).

    The map below is courtesy of @john435 (he posted here before, thanks to him)

    https://hotcopper.com.au/data/attachments/3180/3180182-172efd86fd6e316148cbd17a7b74eb73.jpg


 
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