Aldoro Resources Says Diamond Drill Hole at Namibia Project Confirms Mineralization-Zoning Model for Carbonatite

MT Newswires Live

Jun 05

Aldoro Resources (ASX:ARN) said a diamond drill hole from the Kameelburg rare earth elements-strontium-niobium project in Namibia confirmed its mineralization-zoning model for the carbonatite, according to a Friday Australian bourse filing.

The drill hole returned a cumulative 169.7 meters at 0.8% grade of total rare earth oxides, 3.2% grade of strontium carbonate, and 0.4% grade of niobium pentoxide.

The phase two drilling program is progressing toward the updated mineral resource estimate scheduled for release this month, the company said.

Aldoro Resources' shares rose past 1% in recent trading on Friday.

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