Astral Resources NL (ASX: AAR) has identified mineralisation outside current resource pit shell on both the western flank and at depth in its recently completed diamond drilling (DD) campaign at its 100%-owned Mandilla Gold Project located approximately 70km south of Kalgoorlie in Western Australia.
The latest phase of DD was primarily designed to target the western flank of the cornerstone Theia deposit while also testing two inferred high-grade conjugate gold trends.
Assay results have been returned for a further seven DD holes completed at Theia, with their cumulative gram x metres averaging a significant 74.3 gram-metres.
The results have outlined additional gold mineralisation at depth and on the western flank. In-fill drilling on a 20 x 20 metre pattern also delivered strong assay results within the Theia Main Zone.
Highlights
• Results received for seven recently completed diamond drill (DD) holes targeting resource extension and in-fill at the Theia deposit, with best results including:
o 11.60m at 1.82g/t Au from 164.0m and 43.75m at 1.60g/t Au from 280.95m to the bottom-of-hole (BOH), including high-grade intercepts of 0.8m at 12.32g/t Au from 289.35m, 1.1m at 11.15g/t Au from 312m, 0.3m at 39.72g/t Au from 316.9m and 0.3m at 30.70g/t Au from 321.5m in MDRCD646
o 41.6m at 1.53g/t Au from 52.2m, including 0.8m at 11.75g/t Au from 59.2m and 0.3m at 56.72g/t Au from 69.1m in MDRCD651
o 26.0m at 1.83g/t Au from 233.0m, including 0.3m at 94.55g/t Au from 239.1m in MDRCD650
o 10.0m at 2.56g/t Au from 115.0m, including 0.8m at 22.57/t Au from 119.9m in MDRCD649
o 113.6m at 0.67g/t Au from 233.0m, including 1.2m at 12.66g/t Au from 300.6m, 0.3m at 40.80g/t Au from 312.95m and 0.3m at 20.20g/t Au from 321.5m and 22.0m at 0.93g/t Au from 362m in MDRCD645
“Theia is continuing to deliver, with these latest results providing more evidence that the mineralisation extends both at depth and on the western flank, while also adding robust in-fill results for inclusion in the Mineral Resource update,” Managing Director, Marc Ducler, said.
“An updated drill-hole database is now with our Mineral Resource consulting geologist, and we would expect to be able to update the market with the new MRE later this Quarter.
“With recent support received from both existing and new shareholders through the renounceable rights issue, the company is now well capitalised to maintain strong momentum well into 2023.
“In addition to the impending MRE update at Mandilla, Astral has recently commenced surface works at Feysville in preparation for a 1,500-metre diamond drill programme to be completed before year-end.
“This will provide an important test of this prospective project and add a second avenue of exploration activity and news-flow as we continue to build a critical mass of gold resources in the prolific Kalgoorlie region.”
For further information please visit: https://astralresources.com.au/
