|Aston Minerals targeting nickel-PGE-cobalt mineralisation at Edleston in Canada |
Multiple batches of assay results are awaited from the company’s active diamond drilling campaign.
Magnetic Inversion Model - plan view of Boomerang target.
Aston Minerals Ltd ( ASX:ASO, FRA:28W0) has exploration underway across its Edleston Project in Ontario, Canada, targeting nickel-platinum group elements (PGE)-cobalt sulphide mineralisation.
The company is testing the potential for sulphide mineralisation at Edleston where previous exploration by Canex Aerial Exploration and Falconbridge Ltd was conducted in the early 1970s and early 1990s respectively.
Promisingly, Aston’s Boomerang nickel-PGE-cobalt target style is analogous to Waterton Global Resource Management Inc’s Dumont Nickel-PGE-Cobalt Deposit and Canadian Nickel Company’s Crawford Nickel-PGE-Cobalt Deposit.
“Level of similarities”
Aston managing director Dale Ginn said: “The Boomerang target has a significant level of similarities to that of the substantial Durmont and Crawford nickel-PGE-cobalt deposits.
“With a strike length of 5 kilometres, proximity to Glencore’s Sothman Nickel-PGE Deposit located 1 kilometre south of the tenure and within the same stratigraphy, we believe that this compelling target warrants immediate drill testing.
“We are in the process of clearing pads to allow for drilling within a week.
“Further, in an effort to expedite the return of assay results from the company’s ongoing drill program at Edleston, two additional certified laboratories have been contracted and multiple batches of samples have been delivered to these laboratories.”
Aston’s Boomerang target is interpreted to be a Dunite/Peridotite unit that has undergone extensive serpentinisation.
This dunite/peridotite body extends over an area of 5 kilometres, is 500 metres to greater than 1,500 metres wide and extends to depths of well over 500 metres.
Extensive mineralisation nickel-PGE-cobalt-copper mineralisation delineated 1 kilometre to the southeast of the project area by Falconbridge.
Based on the interpretation from magnetics, it appears that Glencore PLC ( LSE:GLEN)’s Sothman Nickel-PGE-Cobalt-Copper Deposit is hosted within the same stratigraphic sequence of the Boomerang nickel-PGE-cobalt target.
Aston is awaiting multiple batches of assay results from its ongoing diamond drilling campaign at Edleston.
In addition, the company has contracted two additional laboratories to expedite the return of the drill results.
Furthermore, drill testing of the targets is required to validate the exploration model proposed is set to begin in a week.