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ORE RESOURCES LIMITED — Capital/Financing Update 2021
Mar 2, 2021
65504_rns_2021-03-02_86b5db34-24a4-4e05-aefd-541e2f038308.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT 3 March 2021
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AUROCH LOCKS IN DRILL RIG FOR 12 MONTHS
Auroch Minerals Limited ( ASX:AOU ) ( Auroch or the Company ) is pleased to announce it has signed a drilling contract that locks in a drill rig for the next 12 months.
The Company has contracted the services of Seismic Drilling Services Pty Ltd ( Seismic ) for drilling programmes for the next twelve months across its three high-grade nickel sulphide assets comprising the Nepean, Leinster and Saints Nickel Projects, all located in the nickel-endowed Norseman-Wiluna Greenstone Belt in Western Australia.
Seismic will dedicate a LMP 2000 Multipurpose Drill Rig to Auroch’s nickel sulphide portfolio, allowing the Company to drill both reverse circulation ( RC ) and diamond drill-holes as required with the same rig, for a scope of works that comprises over 20,000m of drilling. Currently this drill rig is on site at the Nepean Nickel Project completing a 3,500m RC programme.
Auroch Managing Director Aidan Platel commented:
“ 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. 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.”
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Photograph 1 –Seismic’s LMP 2000 multipurpose drill rig in action at the Nepean Nickel Project
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FOLLOW US
Auroch Minerals Ltd ABN 91 148 966 545 Suite 1, 295 Rokeby Rd, Subiaco WA 6008 Phone: +61 8 6555 2950 Fax: +61 8 6166 0261 Email: [email protected] www.aurochminerals.com
ASX ANNOUNCEMENT
3 March 2021
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This announcement has been authorised by the Board of Directors of the Company.
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For further information visit www.aurochminerals.com or contact: Aidan Platel Managing Director
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FOLLOW US
Auroch Minerals Ltd ABN 91 148 966 545 Suite 1, 295 Rokeby Rd, Subiaco WA 6008 Phone: +61 8 6555 2950 Fax: +61 8 6166 0261 Email: [email protected] www.aurochminerals.com