Astral Resources (ASX:AAR) has further confirmed the ‘high-grade’ potential of the Kamperman prospect, as part of the Feysville Project in Western Australia, after receiving assay results from a recent drill program.
The $48.37 million market capitalisation company says at the Kamperman discovery, gold intercepts are routinely ‘high-grade’ with ‘significant’ gold occurrences of coarse gold observed in early drilling.
According to Astral, previously identified targets combined with the existing mineral resources on the project the project has potential to contribute ‘significant’ future ‘high-grade’ ore sources to the greater Mandilla project, subject to ongoing development studies.
During the March quarter, the company conducted a 3-hole for 217m reverse circulation (RC) drill program, with hole FRC263 returning 7m @ 5.81 grams per tonne gold from 19m, including 2m @ 12.3g/t Au from 19m.
Managing Director Marc Ducler says upon completing an aircore drill program in January, the same rig was converted to an RC configuration to assist with the company’s interpretation and modelling of the recent ‘high-grade’ Kamperman discovery.
“This 3-hole program yielded high-grade assay results in every hole, further reinforcing the exceptional high-grade potential at Kamperman.”
Upon completing the RC program, a follow-up RC infill and extensional drilling program was completed within Feysville.
Drilling was aimed to link and further extend the known mineralised corridor at Kamperman, as well as further investigate the potential for multiple mineralisation styles within the prospect.
Ducler says: “A follow-up 2,459m RC program was immediately completed at Kamperman with assay results expected later this quarter as we continue to unlock the potential of this growing prospect which we have increasing confidence can contribute potential future high-grade satellite ore feed to our broader Mandilla Gold Project development.”
The Feysville Gold Project lies within the north-north-west trending Norseman-Wiluna Greenstone Belt in Western Australia, which hosts a Mineral Resource Estimate (MRE) of 3 million tonnes @ 1.3g/t Au for 116,000 ounces of contained gold at the Think Big deposit.
Astral Resources is a Perth-based gold and base metals explorer focused on its assets 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
