Tue. Sep 26th, 2023
Astral Resources Extends High-Grade Gold Mineralisation at Feysville Project

Astral Resources NL (ASX:AAR) continues to enhance its 100%-owned Feysville Gold Project, aiming to make it a significant source of high-grade ore feed for the company’s flagship Mandilla Gold Project in Western Australia. The latest assay results from reverse circulation (RC) drilling at Feysville’s Kamperman Prospect have extended the high-grade gold mineralisation to a strike length of 240 metres.

Feysville currently holds a mineral resource estimate of 116,000 ounces of contained gold, with 3 million tonnes at 1.3 g/t. The recent RC program consisted of eight holes, totalling 1,110 metres. The program has yielded promising results such as 21 metres at 4.16 g/t gold, including 2 metres at 12.73 g/t. Another highlight includes 35 metres at 2.19 g/t, with a high-grade core of 15 metres at 3.91 g/t.

The Geochemical assay results are still pending but, depending on their outcome, Astral’s exploration efforts may shift from Mandilla to the promising Kamperman Prospect. The Kamperman Prospect has shown great potential with wide-spaced RC drilling consistently returning significant high-grade assay results. The recent results confirm the presence of mineralisation over a 240-metre strike length, which remains open in both the north and south directions.

Astral Resources will eagerly await the geochemical results from recent drilling, which will provide insights into the local geology and help shape the next phase of drilling.

The Feysville RC program was completed in August, with a total of 23 holes covering 3,202 metres, including drilling at the Kamperman Prospect, Ethereal Prospect, and Hyperno Prospect. At Ethereal, only one hole showed gold mineralisation, while drilling to the south of last year’s program revealed weak mineralisation. Similarly, at Hyperno, only one hole returned a significant intersection of gold mineralisation.

At the Mandilla Gold Project, located 70 kilometres south of Kalgoorlie, Astral has mobilised three drill rigs. The RC rig has already started drilling pre-collars for a diamond drill program at Theia. Once completed, the rig will proceed to drill the remaining holes for the Theia Southeast infill program. The diamond drilling at Theia will test the potential high-grade position of quartz veining observed in previous drill holes.

Astral Resources is on track to report on Mandilla’s scoping study later this month.