Astral Resources NL (ASX:AAR) continues to grow the potential of the Feysville Gold Project near Kalgoorlie in WA with more high-grade gold delivered in multiple diamond drill holes at the Kamperman prospect.
Last quarter, Astral completed a three-hole diamond drill program for 495 metres at the Kamperman prospect designed primarily as a stratigraphic drilling program to increase the understanding of the geology.
Strong results
Best results include:
- 14 metres at 0.89 g/t gold from 43 metres and 3.7 metres at 12.2 g/t from 67.8 metres including 1 metre at 41.0 g/t from 70.1 metres in hole FRCD262; and
- 1.3 metres at 9.21 g/t from 196.7 metres including 1 metre at 22.2 g/t from 196.6 metres in hole FRCD261.
During the last 12 months, 13 holes have been drilled at Kamperman with highly significant results returned in seven of those holes.
As such, Kamperman continues to present as a compelling high-grade gold target that warrants further drilling.
“High-grade opportunity”
Astral Resources’ managing director Marc Ducler said: “With additional growth potential confirmed at Mandilla from the diamond drilling results already released this year, these latest drill results at Kamperman also demonstrate the genuine high-grade opportunity that we have at Feysville, 2024 is off to a flying start!
“During 2023, Astral drilled 10 holes at Kamperman – and the results so far speak for themselves - 4 metres at 94.8 g/t gold, 21 metres at 4.16 g/t gold, 35 metres at 2.19 g/t gold, 10 metres at 4.57 g/t gold and 5 metres at 5.89 g/t gold.
"Previously, Kamperman also delivered 13 metres at 9.06 g/t gold and with these latest results, we can now add 3.7 metres at 12.2 g/t gold and 1.3 metres at 9.21 g/t gold."
Mandilla and Feysville gold projects location map.
RC drilling next
A follow-up 21-hole, 2,500-metre reverse circulation (RC) drill program is scheduled to begin in mid-February, focused on infill at Kamperman and extensions to the north of the current highest-grade intercept in hole FRC243 - 4 metres at 94.8 g/t gold from 77 metres.
Astral drilled 10 holes at Kamperman in 2023, excluding the three-hole diamond program, with best results including:
- 5 metres at 8.29 g/t gold from 53 metres and 4 metres at 94.8 g/t from 77 metres in FRC2431;
- 21 metres at 4.16 g/t from 31 metres in FRC2412;
- 35 metres at 2.19 g/t from 81 metres in FRC2402;
- 10 metres at 4.57 g/t from 148 metres in FRCD2083; and
- 5 metres at 5.89 g/t from 112 metres in FRC2382.
Historically, Kamperman also reported an intercept of 13 metres at 9.06 g/t from 24 metres in FVA0674.
“Additional potential”
“The 2,500-metre RC program expected to commence in mid-February will be crucial in determining the potential scale of what is emerging as an exciting high-grade opportunity at Kamperman,” Ducler said.
“The recent Mandilla Scoping Study demonstrated the substantial economic potential of our flagship gold asset.
“With further exploration success at Mandilla since the study was completed and with the Kamperman Prospect at Feysville now presenting as an additional potential high-grade ore source, Astral is progressing well with the ambition of becoming one of Australia’s next high-quality gold producers.”
About Feysville
Feysville is within the north-northwest trending Norseman-Wiluna Greenstone Belt, within the Kambalda Domain of the Archean Yilgarn Craton.
It hosts a mineral resource estimate (MRE) of 3 million tonnes at 1.3 g/t gold for 116,000 ounces at the Think Big deposit, providing a foundation to potentially become a source of satellite ore feed to a future operation based on the company’s flagship Mandilla Gold Project.
Significant gold and nickel mineralisation occurs throughout the belt, including world-class deposits such as the Golden Mile Super Pit in Kalgoorlie owned by Northern Star and the St Ives Gold Mine south of Kambalda owned by Gold Fields.