Connect with us

Hi, what are you looking for?

Money And WelfareMoney And Welfare

Investing News

Kameelburg Niobium Assays Reveal up to 9.03% Nb2O5

Aldoro Resources Ltd (“Aldoro”, “The Company”) (ASX: ARN) is pleased to confirm latest niobium results with all six (6) dyke sample assays ranging from 5.8% to 9.03% Nb2O5. These latest results highlight the potential of the area around the periphery of the Kameelburg REE- rich carbonatite, known to contain niobium-rich dykes with historical samples reporting up to 4.75% Nb2O5 (Refer to announcement ASX: ARN 20 March 2023).

HIGHLIGHTS:Latest niobium assays received with results ranging from 5.77% to 9.03% Nb2O5 for all six (6) selected niobium rock chip samplesNiobium samples located within a pyrochlore-rich dyke and has limited exposure due to its presence along the colluvium rich shadow of the giant carbonatite (with diameter spanning 1.4km and rising to 275m in height)Drilling of niobium-rich dyke planned – discussions advancing with experienced local drilling contractorsFurther investigation to proceed on additional dykes and niobium potential along peripheral zones of the Kameelburg Project

Recent investigation at this peripheral dyke revealed an outcrop striking at 315o over 15m, up to 0.5m wide and dipping to the east at 62o. The dyke is located in a nepheline syenite host of the Kameelburg carbonatite and is obscured by colluvium, soil development and vegetation.

Next steps for Aldoro

The Company plans to undertake drilling as part of further investigation into the extent of niobium enrichment within the peripheral dyke. Discussions are advancing with local experienced drill contractors on this front. Aldoro also continues to investigate additional dykes along peripheral zones of the Kameelburg carbonatite, with the intention of unlocking further niobium potential within the entire project region.

Click here for the full ASX Release

This post appeared first on investingnews.com

You May Also Like

Stock News

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

Stock News

SPX Monitoring Purposes: Long SPX 8/9/23 at 4467.71. Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%. Gain since...

World News

An hour before the public release of an indictment that alleges the former president of the United States led a criminal conspiracy to overturn...

Investing News

Sage Potash CORP. (TSXV: SAGE) (OTCQB: SGPTF) (‘ Sage Potash ‘ or the ‘ Company ‘) is pleased to announce it has achieved an essential...