Business
Auroch Minerals (ASX:AOU) share price plummets 15%
The Auroch Minerals Ltd (ASX: AOU) share price is plummeting today, despite what seems to be good news.
The mining company announced the assay results from the maiden drill project at its Nepean Nickel Project this morning. The results are from 4 holes of shallow near-mine drilling.
At the time of writing, the Auroch share price is 19 cents, down 15% on yesterday’s close.
What were the assay results?
Auroch announced today that Nepean has significant shallow high-grade nickel sulphide intersections.
The assay results are respectable, particularly as they are in addition to other profitable intersections at Nepean. The results include 2 metres at 2% nickel and 0.3% copper from 66 metres, which includes 1 metre at 2.9% nickel and…
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