Asra Minerals Ltd (ASX:ASR) Commences 3,000m Drilling at Leonora South
Drilling Program Initiated
Asra Minerals Ltd (ASX: ASR) has commenced a 3,000m reverse-circulation (RC) drilling campaign at the Challenge and Eclipse prospects within the Leonora South Gold Project. The program consists of approximately 50 holes and aims to confirm the grade and continuity of gold mineralisation following significant shallow intersections from historic drilling.
Project Details
The Challenge and Eclipse prospects are within 500m of Asra’s JORC 2012 Mineral Resource at the adjacent Sapphire deposit. The drilling is expected to conclude in August, with assay results anticipated four to six weeks thereafter. This campaign seeks to enhance the Company’s geological understanding and assess potential resources at these two prospects.
Executive Comments
Asra Minerals Managing Director Paul Stephen stated, “We’re excited to have drilling underway at Leonora South, targeting the high-priority Challenge and Eclipse prospects. These prospects lie just 500 metres from our existing Sapphire resource and have already returned impressive results in historical drilling. This program is a key step in unlocking the broader potential of the Leonora Gold Project and building on the strong foundation already established.”
Motley Fool contributor Lauren Surplice 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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