Page 96 - pd287-Oct20-mag-web_Neat

nIcKeL PReVIeW

Auroch finds value in the

discovery channel

s one of the geologists behind the San- making discovery for Auroch Minerals Ltd very little to very large with a single drill re-
Ata Rita discovery for Mirabela Nickel al- in one of the world’s premier greenstone sult.
most two decades ago, Aidan Platel knows belts for nickel sulphide deposits. “It’s really helped that appetite for our
a thing or two about the value a major find And it appears the recent nickel discov- shares because we’re really only that one
can bring to shareholders of a small com- eries made by Chalice Gold Mines Ltd and drill hole away. And when you say that to
pany. Legend Mining Ltd in other parts of West- people now, they actually understand it be-
It is no surprise then that Platel has set ern Australia have only increased the Au- cause they’ve just seen it happen for two
his sights on making another company- roch managing director’s appetite to find other companies.”
something that will deliver an Auroch has been aggressively exploring
immediate boon for share- the Saints and Leinster nickel projects in
holders. the prolific Norseman-Wiluna greenstone
“Throughout history you’ve belt for the past year, but it is only recently
always seen that a good nick- that the fruits of the company’s labour have
el discovery will take a share started to become visible.
price through the roof, going Upon acquiring the projects from Minotaur
back to Poseidon in the late Exploration Ltd in August last year, Auroch’s
70s and then Sirius and Mi- immediate focus was to prove up the exist-
rabela more recently,” Platel ing resource of 1.05mt @ 2% nickel and
told Paydirt. 0.2% copper for 21,400t nickel and 1,600t
“What Chalice and Legend copper at Saints, about 65km north-west of
did was fantastic for us be- Kalgoorlie.
cause it made people realise Following a rapid-fire diamond drilling
that share prices can go from campaign at Saints, Auroch decided to step
Aidan Platel

Galileo Mining is an active
exploration company searching for
nickel in the fast developing Fraser
Range nickel belt of Western
Australia.

With a series of highly prospective
targets, the Company is completing
advanced exploration with
upcoming RC and diamond drilling
programs.

Galileo is well funded with no debt
and is backed by major
shareholders Mark Creasy and IGO.

ASX : GAL
www.galileomining.com.au

Page 96 OCTOBeR 2020 aUSTRaLIa’S PaYDIRT