Astral Resources (ASX:AAR) is continuing to increase the potential of its Kamperman prospect becoming a ‘valuable’ contributor to its Mandilla Gold Project in Western Australia.
Managing Director Marc Ducler says with assay results from a further 15 reverse circulation (RC) holes still pending, the company is confident that the best may yet be to come
“The potential for Kamperman to become a valuable contributor of high-grade satellite ore feed to the Mandilla Gold Project development continues to increase with every hole drilled.
Astral, which has a market capitalisation of $46.79 million, reports assay results have been returned from the first 4 RC holes, as part of a 19-hole for 2,459m drilling program.
Ducler says these latest results have further reinforced the potential scale and grade of the Kamperman prospect.
“Hole FRC267 was drilled to infill the 80m sectional spacing between previously reported intersections of 35m @ 2.19 grams per tonne gold and 5m @ 5.89g/t Au.
To have returned the widest, highest grade intersection seen at Kamperman to date with such consistent gold mineralisation down the length of the reported mineralised zone, was especially pleasing.”
Hole FRC267 intersected 14m @ 0.98 grams per tonne gold from 25m and 35m @ 3.81g/t Au from 86m, including 1m @ 11.7g/t Au from 96m, 2m @ 12g/t Au from 105m and 1m @ 19.2g/t Au from 114m.
The Kamperman prospect is part of the Feysville Gold Project that lies within the north-north-west trending Norseman-Wiluna Greenstone Belt in Western Australia.
The Feysville Gold Project is located within the north-north-west trending Norseman-Wiluna Greenstone Belt, within the Kambalda Domain of the Archaean Yilgarn Craton.
It hosts a Mineral Resource Estimate (MRE) of 3Mt at 1.3g/t Au for 116,000oz of contained gold 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 (ASX:NST) and the St Ives Gold Mine south of Kambalda owned by Gold Fields (NYSE:GFI).
Locally, Feysville has been interpreted to contain upthrust ultramafics, emplaced within a sequence of volcanic sediments (the Black Flag sediment group), granitic intrusions, mafic basalts, gabbro and andesite.
On 8 February 2024, Astral began a 19-hole RC drill program at Kamperman where a mineralised strike length of 250m had previously been interpreted. The primary aim of the program was to link and further extend the known mineralised corridor at Kamperman, and to further investigate the potential for multiple mineralisation styles within the exciting new prospect.
Some 2,459m were drilled. Nine RC holes of extensional drilling were completed to the north to extend mineralisation a further 100m from FRC243 (4m @ 94.8g/t Au from 77m) for a total strike length of about 350m.
Astral Resources is a Perth-based gold and base metals explorer focused on exploring for gold in Western Australia.
As of 31 December 2023, the company had $1.8 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Astral Resources
