Astral Resources (ASX:AAR) has received assay results from a reverse circulation drilling program at the Kamperman prospect, which supports an upcoming resource upgrade for the Feysville Project in Western Australia.
Some of the drilling results include 38m @ 2.12 grams per tonne (g/t) gold from 42m; 34m @ 24g/t gold from 33m; and 3m @ 5.45g/t gold from 64m, including 1m @ 15.15g/t gold from 65m.
Astral Resources, which has a market capitalisation of $69.2 million, says infill results support the interpretation of a “high-grade” west-dipping zone of gold mineralisation extending from the north to the south over 450m of strike.
Managing Director Marc Ducler says these latest results validate the company’s geological interpretation with a broad 30m wide zone of consistent, greater than 2g/t gold mineralisation defined across multiple sections at Kamperman.
“Mineral Resource Estimate work is now underway at Kamperman, following receipt of these latest results, while the Rogan Josh and Think Big estimations are currently being finalised,” Ducler says.
“The focus is now turning to the Theia deposit at the Mandilla Gold Project, with the first phase of infill reverse circulation drilling expected to get underway next week.
“Following the completion of the phase one program, Astral will return to Feysville following up the significant gold anomalies that were announced earlier this month in an area to the northwest of Kamperman.”
A maiden resource estimate for Kamperman will be conducted this quarter, as part of an updated resource estimate for Feysville.
Feysville currently hosts a resource estimate of 3 million tonnes at 1.3g/t gold for 116,000 ounces of contained gold.
The Feysville Gold Project lies within the north-north-west trending Norseman and Wiluna Greenstone Belt within the Kambalda Domain of the Archean Yilgarn Craton.
Astral Resources is exhibiting at the Diggers & Dealers Mining Forum, which is being held in Kalgoorlie, Western Australia from 5-7 August.
Mining.com.au will also be attending this year’s forum.
Write to Aaliyah Rogan at Mining.com.au
Images: Astral Resources
