Fri. Sep 29th, 2023
Astral Resources Expands High-Grade Gold Mineralisation at Feysville Gold Project

Astral Resources NL (ASX:AAR) has announced further strong assay results from its Feysville Gold Project in Western Australia. The results come from a recently completed reverse circulation (RC) drilling program at the Kamperman Prospect, extending the high-grade gold mineralisation to 240 metres in strike length. Feysville already has a mineral resource estimate of 3 million tonnes at 1.3 g/t for 116,000 ounces of contained gold. The RC program included eight holes, with highlights including 21 metres at 4.16 g/t gold and 35 metres at 2.19 g/t gold. Geochemical assay results are pending and could redirect Astral’s exploration efforts from Mandilla to Kamperman.

Astral Resources Managing Director Marc Ducler expressed excitement about the potential of the Kamperman Prospect. Ducler stated that each line of RC drilling has returned significant high-grade assay results, confirming the presence of mineralisation over a 240-metre strike length. The results of the geochemical analysis from recent drilling will help in targeting the next phase of drilling.

In addition to the Feysville Gold Project, Astral Resources is also focused on the Mandilla Gold Project, which is located 70 kilometres south of Kalgoorlie in Western Australia. The project includes the Theia, Iris, Eos, and Hestia deposits, with an estimated resource of 37 million tonnes at 1.1 g/t gold for 1.27 million ounces of contained gold. Three drill rigs are currently active at Mandilla, with a focus on exploring the Theia Southeast infill program. Astral Resources remains on schedule to report on Mandilla’s scoping study this month.

At the Feysville Gold Project, Astral completed a reverse circulation (RC) drilling program in August, consisting of 23 holes across three prospects: Kamperman, Ethereal, and Hyperno. The program resulted in positive assay results from Kamperman, with weak mineralisation identified at Ethereal and Hyperno.