Astral projects further Feysville gold potential 

Astral Resources (ASX:AAR) continues “to progress well with the ambition of becoming one of Australia’s next high quality gold producers” after returning more ‘high-grade’ gold intercepts from its Kamperman prospect in Western Australia. 

Managing Director Marc Ducler says Kamperman, which is part of its Feysville Gold Project, continues to present as a ‘compelling, high-grade’ gold target that warrants further drilling, planned for mid-February 2024. 

The $53.13 million market capitalisation company says RC drilling will comprise 21 drillholes for 2,500m. Drilling is designed to focus on in-fill at Kamperman and extensions to the north of the current highest-grade intercept in hole FRC243 (4m @ 94.8 grams per tonne Au from 77m). 

Astral announced today (30 January 2024) it had posted additional ‘high-grade’ gold intercepts generated from 3-hole diamond drilling completed in December 2023 that demonstrate grades up to 12.2g/t Au from 67.8m including 1m @ 41g/t Au from 70.1m in hole FRCD262. 

Astral reports over the last year, 13 holes have been drilled at Kamperman with ‘highly significant’ results returned in 7 of those holes. 

Ducler says: “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! 

The 2,500m 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. 

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.” 

Astral Resources is a Perth-based gold and base metals explorer focused on its assets in Western Australia. 

As of 30 September 2023, the company had $4.1 million cash at hand, according to its latest quarterly report.

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Images: Astral Resources
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.