leadf
logo-loader
viewAuroch Minerals Ltd

Auroch Minerals locks in drill rig for 12 months at high-grade nickel projects

The company believes being able to lock a rig in for the next year is a great achievement as it is very difficult to source and contract drill rigs in Western Australia.

Auroch Minerals Ltd - Auroch Minerals locks in drill rig for 12 months at high-grade nickel projects
Seismic’s LMP 2000 multipurpose drill rig in action at the Nepean Nickel Project.

Auroch Minerals Ltd (ASX:AOU) has signed a drilling contract with Seismic Drilling Services Pty Ltd that locks in a drill rig for the next 12 months to be used across Auroch’s three high-grade nickel sulphide assets in Western Australia.

This will enable the company to undertake ongoing and systematic drilling at the Nepean, Leinster and Saints nickel projects, which are all in the nickel-endowed Norseman-Wiluna Greenstone Belt.

Seismic will dedicate an LMP 2000 Multipurpose Drill Rig to Auroch’s nickel sulphide portfolio, allowing the company to drill reverse circulation (RC) and diamond holes as required with the same rig, for a scope of works that comprises more than 20,000 metres of drilling.

Currently, this drill rig is on-site at the Nepean Nickel Project completing a 3,500-metre RC program.

“Sourcing rig a big achievement”

Auroch managing director Aidan Platel said: “We are very pleased to welcome Seismic to the exploration team and look forward to sharing many exploration successes over the next 12 months.

“Seismic has a very experienced team and management, and their equipment and work ethics are excellent.

“It is currently very difficult to source and contract drill rigs in Western Australia, so being able to lock a rig in for the next year is a great achievement.”

Invaluable flexibility

He added: “The flexibility that comes with a multi-rig being able to drill both RC and diamond holes will be invaluable when tackling the wide range of drill-holes we have planned for this year across all three nickel sulphide assets.

“Importantly, the rig will undertake both resource drilling as well as exploring high-potential targets for possible new high-grade nickel sulphide discoveries.”

Quick facts: Auroch Minerals Ltd

Price: 0.23 AUD

ASX:AOU
Market: ASX
Market Cap: $63.33 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Auroch Minerals Ltd named herein, including the promotion by the Company of Auroch Minerals Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Auroch Minerals says drilling at Nepean is going very well with assays due soon

Auroch Minerals Ltd’s (ASX:AOU) (FRA:T59) Aidan Platel tells Proactive's Andrew Scott its maiden 3,500 metres reverse circulation drill program is progressing on schedule and is about one-third of the way through at the Nepean Nickel Project. So far, 12 drill-holes have been completed with...

on 9/2/21

2 min read