Astral Resources (ASX:AAR) Confirms High-Grade Gold in Kamperman RC Drilling
Exploration Results
Astral Resources (ASX:AAR) has received assay results from 17 reverse circulation (RC) drill holes at the Kamperman Deposit, part of the Feysville Gold Project near Kalgoorlie, WA. Key findings include 9 metres at 5.01g/t Au and 16 metres at 1.87g/t Au from various depths in FRC417, and 4 metres at 12.2g/t Au from FRC414. These results confirm high-grade gold mineralisation associated with sheared ultramafic and porphyry contacts.
Regional Exploration
Additionally, a 313-hole air-core (AC) drill program across the broader Feysville tenement has identified several new areas of gold anomalism. Astral has completed a 17-hole RC drill program at the Iris Deposit within the Mandilla Gold Project, with results pending. A 24-hole RC drill program is also underway at the Hestia Deposit, targeting extensions along strike on the Spargoville tenure. Upon completion, a broader 10,000-metre exploration program will commence to evaluate the Spargoville Shear Corridor’s mineralised potential.
Future Drilling Programs
Further drilling at Kamperman will extend the resource north and deeper to determine the full extent of gold mineralisation. At Feysville, the identified gold anomalisms will be targeted in the September Quarter. The Mandilla and Spargoville projects are advancing towards significant gold developments, supported by ongoing exploration efforts.
Executive Comments
Managing Director Marc Ducler stated, “Following recent successful metallurgical test results at the Kamperman Deposit, we are pleased to report new high-grade assay results which reinforce the significant opportunity which exists for us at Kamperman. Astral is well positioned both to advance a significant gold development project and, in tandem, a highly prospective exploration opportunity.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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