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Auroch Minerals in trading halt ahead of capital raising

A 1,478-metre maiden RC drill program has been completed at Valdez prospect with thick fertile ultramafic flows intersected. Assay results are pending and DHEM surveys will begin next week.

Auroch Minerals Ltd -
Auroch's drilling at Leinster aims to test the modelled contact within fresh rock at a down-hole depth of about 100 metres.

Auroch Minerals Ltd (ASX:AOU) has been granted a trading halt by the ASX with a capital raising announcement pending.

The trading halt will remain in place until the start of trading on Tuesday, September 29, or when an announcement is released to the market, whichever occurs earliest.  

RC drilling at Leinster Nickel Project

Auroch has started reverse circulation drilling at the recently acquired Firefly and Sinclair North prospects within the Leinster Nickel Project in Western Australia.

The 1,000-metre drill program will be Auroch’s first phase of exploration on these prospects after entering into a binding agreement with Jindalee Resources (ASX:JRL) to earn up to 70% of a four tenement package.

These two prospects are on tenement E36/895, which is contiguous to the company’s 100%-owned E36/899 tenement that hosts the Horn nickel sulphide prospect.

Managing director Aidan Platel said: “We are excited to commence our first phase of exploration at the Firefly and Sinclair North prospects, where excellent nickel results in the weathered profile from historic RAB drilling have never been followed up with deeper drilling.”

Quick facts: Auroch Minerals Ltd

Price: 0.135 AUD

ASX:AOU
Market: ASX
Market Cap: $31.22 m
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