Aldoro Resources Says Drill Hole Confirms Rich Rare Earth, Strontium Mineralization At Namibia Project; Shares Up 4%

MT Newswires Live

03/30

Aldoro Resources (ASX:ARN) said the results for a diamond drill hole confirmed further rich rare earth element and strontium mineralization encountered at the Kameelburg project in Namibia, according to a Monday Australian bourse filing.

The first hole from the phase two drilling program intersected 525 meters of continuous mineralization, and it encountered an average across the entire 525 meters of mineralization of 1.2% grade of total rare earth oxides, 3.55% grade of strontium carbonate, 0.18% grade of niobium oxide, and 135 parts-per-million of molybdenum.

The drilling program is continuing with 14 holes drilled during the ongoing quarter across 6,495 meters of diamond drilling.

Its shares rose 4% in recent trading on Monday.

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