Aston Minerals (ASX:ASO) has unearthed ‘extensive’ near surface nickel sulphide mineralisation after posting final assays from a drilling program at the Bardwell prospect, as part of its Boomerang nickel-cobalt target at its Edleston Project in Ontario, Canada.
The $19.42 million market capitalisation company says mineralisation continues to surface, with all results expected to be incorporated into an update of the maiden resource estimate originally published 21 February 2023.
Sulphur domains will be utilised as part of the nickel recovery geo-metallurgical model.
Drill core will be composited and sent through to Corem for continued metallurgical testwork.
Managing Director Russell Bradford says: “The infill nature of the drilling has increased our geological confidence in the maiden Mineral Resource Estimate and this data will now be used to update the Mineral Resource Estimate.
We will be utilising the updated mineral resource estimation and supporting metallurgical information to undertake further pit optimisation, scheduling and development assessments.
The recent metallurgical flowsheet development work conducted at Corem shows a clear relationship between not only nickel grade, but sulphur as well.
It’s very pleasing to see this drilling will potentially not only continue to add nickel tonnes in a higher resource classification category but also the sulphur grades have come back to support strong metallurgical performance. The Mineral Resource Estimate can now be updated with these latest drill results.”
Aston Minerals is a development phase miner focused on advancing its Edleston Project in Ontario, Canada.
As of December 2023, the company had $5.828 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Aston Minerals
