Intersects 0.5m At 4,060 g/t Au In Ontario
Aston Minerals Limited (ASX: ASO) has received some spectacular assay results from a 12m interval from hole DDED21-003 at Edleston Project, Ontario, Canada.
The 12m interval was prioritised for core processing and analysis which has now returned an assay of 1m at 2,035g/t Au intersected in DDED21-003 from 362m down hole including 0.5m at 4,060g/t Au from 362m down hole.
Managing Director, Dale Ginn, said the company is eagerly awaiting results of the 144.6m alteration zone from 191m from hole DDED21-003, as well as results from the other eight holes drilled to date Edleston.
“In my entire career spanning over 30 years within the mining industry, from exploration through to production, inclusive of particularly high grade mines in Red Lake (previous production of 25Moz Au at >20g/t Au), I have never seen results of this magnitude,” Mr Ginn said.
“The tenor of mineralisation returned exemplifies the high-grade potential of Edleston.
Being positioned within the Cadillac-Larder Fault Zone, host to >75Moz of past production from high grade mines provides the regional context towards the endowment of the region. The glacial till cover has effectively masked the underlying geology, inhibiting past explorers from uncovering the potential of the Project.
“Through the use of a combination of geophysical methods a targeting model has been developed and has resulted in the confirmation of the hangingwall target being extended along 500m of strike.
“Initial drilling of the high grade hangingwall previously returned 5.3m at 81.4g/t Au and recent drilling has reported 0.5m at 4,060g/t Au. A further 730m of strike, delineated by an IP chargeability anomaly remains to be tested. Drilling has been planned to test the full 1,230m strike extent of the hangingwall target.
“Furthermore, undrilled IP chargeability anomalies are planned to be systematically drill tested along the 10km of prospective strike. We look forward to updating the market with further drill results and campaign updates as the intensive exploration underway on site progresses.”
Executive Chairman, Tolga Kumova, said the Abitibi Greenstone Belt is elephant country hosting globally significant, large high grade gold production.
“The last drill result in 2012 returned 5.3m @ 81.4g/t Au from 110m. Today we reconfirmed the grade potential 520m along strike from this hit with 1m @ 2,035 g/t Au from 362m. This initial result justifies entering the jurisdiction, now it is a matter of defining scale.
“Precedents for such high-grade mineralisation have been set by Kirkland Lake Gold. Kirkland intersected at their Macassa Mine 2m at 4,772g/t Au from 1,615m3.
“This incredible deposit is located along the same structure as Edleston, the Cadillac Larder Fault Zone. Our next steps are to define the extent of the high-grade mineralisation in conjunction with evaluating the bulk scale potential of wider mineralised zones.”
Encouraged by visible results seen to date, the company is mobilising a second drill rig to site in coming weeks.
