🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Astral Resources hits up to 45.6 g/t gold as new results extend strike at Kamperman

Published 04/04/2024, 11:52 am
Updated 04/04/2024, 12:30 pm
© Reuters.  Astral Resources hits up to 45.6 g/t gold as new results extend strike at Kamperman
ARLJ
-

Recent reverse circulation (RC) drilling by Astral Resources NL (ASX:AAR) at Kamperman prospect of the Feysville Gold Project south of Kalgoorlie in Western Australia, has successfully in-filled the prospect to the south and extended the known mineralised strike by a further 100 metres to the north.

Assay results from the remaining 15 holes of a recently completed 19-hole RC drilling program at the Kamperman Prospect include:

  • 13 metres at 3.95 g/t gold from 35 metres including 1 metre at 45.6 g/t from 41 metres;
  • 24 metres at 2.67 g/t from 49 metres including 1 metre at 31.7 g/t;
  • 15 metres at 3.12 g/t from 23 metres including 1 metre at 13.9 g/t from 24 metres; and
  • 33 metres at 1.21 g/t from 31 metres.

Satellite ore source

Of the 19 holes drilled in this latest campaign, 14 intersected significant gold mineralisation.

Extensional drilling has increased the strike length of the Kamperman Prospect to 350 metres with the mineralisation remaining open to the north and south.

Astral continues to advance Kamperman towards being a potentially valuable source of high-grade satellite ore for the Mandilla Process Plant that was contemplated in the September 2023 scoping study.

The company has planned a follow-up 2,500 metre RC program at Kamperman in a bid to extend the strike length a further 160 metres targeting high-grade shear-hosted gold mineralisation.

Continuing to deliver

Astral Resources managing director Marc Ducler said: “This Kamperman Prospect continues to deliver. The results from the remaining 15 holes of the 19-hole RC drill program have now been returned and the program has successfully delivered on both of its key objectives – extending the strike length to the north and in-filling the prospect to the south.

“14 of the 19 RC holes drilled in this latest program returned significant assay results, with this high success rate continuing to demonstrate that Kamperman has the potential to be a meaningful contributor of high-grade satellite ore into the Mandilla process plant contemplated in the September 2023 scoping study.

“Following the strongly supported capital raising completed in late March 2024, Astral is now well funded to continue with its aggressive exploration programs, including further drilling at Kamperman.

“A 2,500-metre follow-up RC program is planned to commence this month to further extend known mineralisation at Kamperman beyond the current 350-metre strike length.”

Exploration ongoing

Astral has now completed a total of 3,800 metres of RC and 650 metres of diamond drilling at Kamperman since drilling recommenced in January 2023.

A follow-up 2,500 metre RC program is expected to commence at Kamperman in April 2024 with this program to test for high-grade shear-hosted gold mineralisation over a further 160 metres of strike length.

If successful, this will extend the strike length of known mineralisation at Kamperman to around 510 metres. Several up-dip, down-dip and in-fill holes will also be drilled to extend the footprint of mineralisation.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.