Askari Metals Limited (ASX:AS2) is reporting it has received the results from the first 9 holes as part of the phase three reverse circulation (RC) drilling completed on its 100% owned Burracoppin Gold Project.
The company reports that the assay results confirm a southern strike extension of the mineralisation from the Christmas Gift prospect towards the main zone of mineralisation at Benbur.
In June 2022, Askari completed a third phase of drilling on the Burracoppin Gold project, comprised of 40 RC drillholes for 3,639m at the project, located in the Wheatbelt region of Western Australia, along the strike of the Ramelius Resources (ASX:RMS) Edna May Gold Mine.
The program tested several targets, including strike extensions of the mineralisation at Burgess Find, Christmas Gift, Lone Tree, and Easter Gift.
The program also tested previously unexplored targets identified by the soil geochemical anomalies.
Askari Vice President of Exploration and Geology Johan Lambrechts said the company is pleased with the results of the first 9 holes from the RC drilling program on the Burracoppin project.
“The assay results have been confirmed a southern strike extension of the mineralisation from the Christmas Gift prospect toward the main zone of mineralisation at Benbur.
Connecting these two zones with infill drilling will add significant scale to the future potential of the Burracoppin Gold Project.
“Most of the assay results remain outstanding and the company is eager to receive and analyse them”
Most of the assay results remain outstanding and the company is eager to receive and analyse them.
Once received the company will compile them with the results from previous phases of drilling and will update the 3D geological model for potential resource definition.
We look forward to keeping our investors informed of the progress.”
Askari is eagerly awaiting the remaining results in order to interpret them and determine their impact on the current mineralisation model of the Burracoppin project and gauge their influence on the future exploration plans for the project.
The incorporation of the recent data with the current geological model will be completed once all results have been received.
The revised model will be fundamental in the future exploration design of the project.
Further phases of drilling are anticipated, and Askari is eager to keep its shareholders informed about the progress and results of the Burracoppin Gold project.
The maiden drilling program on Askari’s 100% owned Horry Copper and Gold Project in the Kimberly region of Western Australia continues and Askari is excited by the potential of this project.
The phase three drilling RC program at the Burracoppin Gold Project was designed as an extensional drilling program targeting interpreted strike extensions of the mineralisation previously identified at Burgess Find, Christmas Gift and Benbur in the north, and Easter Gift and Lone Tree in the south.
The program also tested several targets identified by Askari’s previously completed soil geochemical program.
This program highlighted potential gold mineralisation in the far northern portion of the Burracoppin project and to the east of Benbur.
These geochemical anomalies represent highly valuable targets as they had never been tested by drilling before and may result in a ‘significant’ increase in the project’s future potential if they return positive results.
The phase three project did not test below and near existing areas of mineralisation, and this is planned for future phases of drilling.
Holes ABRC033 to ABRC036 were drilled to the north of Burgess Find and aimed to test the potential strike extension of mineralisation in this area.
ABRC033 intersected 2m @ 1.09g/t Au from 31m downhole including 1m @ 2.11g/t Au from 32m.
This intersection was made on the eastern side of the magnetic anomaly striking through the area and did not align with the current mineralised intersections in the database and therefore warrants further investigations.
ABRC034 intersected 3m @ 0.75g/t Au from 99m downhole including 1m @ 1.17g/t Au from 99m.
This intercept aligns with the current interpreted mineralisation model and represents a deep intersection.
Hole ABRC036 was drilled to the northwest of the Burgess Find prospect and failed to intersect any significant mineralisation in the area.
Interpretation of the current results indicate that mineralisation may lie westward of its design.
This will be revisited once all the results have been received.
Hole ABRC037 was designed to test for a separately interpreted set of mineralised units parallel and to the west of the primary mineralised system on the Burracoppin Gold Project.
Hole ABRC037 was abandoned at 9m depth and redrilled a few metres away as ABRC037A.
Both holes intersected mineralisation near the surface, with hole ABRC037 intersecting 4m @ 1.76g/t Au from the surface, including 3m @ 2.11g/t Au from the surface.
Hole ABRC037A intersected 4m @ 0.97g/t Au from the surface, including 1m @ 1.31g/t Au from the surface.
These intercepts highlight the potential surface gold mineralisation in the laterite cover on the Burracoppin Gold Project, which will be further investigated through future drilling campaigns.
Holes ABRC038 and ABRC039 were drilled to the south of Christmas Gift and aimed to test the potential strike extension of mineralisation in this area.
ABRC038 intersected 3m @ 2.01g/t Au from 45m downhole, including 1m @ 5.06g/t Au from 46m.
ABRC039 intersected 10 @ 1.38g/t Au from 34m downhole, including 3m @ 3.63g/t Au from 41m as well as including 1m @ 8.74g/t Au from 42m.
Slightly deeper downhole, an intersection of 2m @ 1.25g/t Au from 63m, including 1m @ 2.06g/t Au from 63m was also made.
The mineralised intercepts in holes ABRC038 and ABR039 represented evidence of the southern strike extension to the mineralisation from Christmas Gift and closes the gap between the Christmas Gift prospect in the north and the Benbur prospect in the south.
This infill area identifies an important target for future drilling campaigns on the Burracoppin Gold Project.
The potential to join the mineralisation between the Christmas Gift prospect in the north and the Benbur in the south significantly increases the potential gold endowment at the Burracoppin project.
Hole ABRC040 targeted a set of historical workings swinging westward and across the interpreted strike of mineralisation.
These workings represent an anomaly in terms of the strike they indicate and were therefore tested with one hole during the program.
Hole ABRC040 intersected 1m @ 1,03g/t Au at 92m downhole.
This intercept is immediately below the line of workings and validates the existence of mineralisation at this location.
More work will be required in this area to define this secondary zone’s mineralisation potential.
Askari Metals was incorporated for the primary purpose of acquiring, exploring and developing a portfolio of ‘high-grade’ batter (Li and Cu) and precious (Au and Ag) metal projects across Western Australia, Northern Territory and New South Wales.
Askari has assembled an ‘attractive’ portfolio of lithium, copper, gold and copper-gold exploration/mineral resource development projects in Western Australia, Northern Territory and New South Wales.
The Burracoppin Gold Project is located approximately 20km east of Merredin, and 15km west of the Edna May Gold Mine in the eastern wheat belt of Western Australia.
The area has gently undulating topography with isolated lateric breakaways preserved on a well-developed regolith.
It is underlain by Archaean granite/gneiss greenstone terrane metamorphosed to amphibolite/granulite grade.
Minor banded iron formation outcrops are known, and aplite-pegmatite dykes intrude the amphibolites at the Burgess Find gold workings.
Burgess Find, Christmas Gift, Benbur and Easter Gift were the four main areas mined at the Burracoppin Project.
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