Aldoro Resources Says Diamond Drilling at Namibia Project Confirms Rare Earth-Strontium Mineralization Continuity, Shares Up 7%
MT Newswires Live
Apr 08
Aldoro Resources (ASX:ARN) said assays from a diamond drill hole confirmed continuous rare earth and strontium mineralization across the full width of the Kameelburg carbonatite in Namibia, according to a Wednesday Australian bourse filing.
The drill hole intersected 537 meters of mineralization from surface to end-of-hole, terminating in mineralization which remains open at depth, confirming that it forms part of a large, coherent, and laterally continuous mineralized system.
It reported average grades across the entire 537 meters of mineralization of 1.18% total rare earth oxides, 3.67% strontium carbonate, 0.19% niobium pentoxide, and 138 parts-per-million molybdenum.
Its shares climbed 7% in recent trading on Wednesday.
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