Astral Resources NL (ASX:AAR) is encouraged by results from the first four holes of its recently completed 19-hole reverse circulation (RC) program at the Kamperman prospect, part of the 100%-owned Feysville Gold Project, just 14 kilometres south of Kalgoorlie in Western Australia.
One of the drill holes, FRC267, returned the widest, most consistent high-grade gold intersection recorded to date at Kamperman – 35 metres at 3.81 g/t gold from 86 metres in hole FRC267 – which reinforces the company’s confidence in the potential scale and grade of this new discovery.
Strong gold results
Hole FRC267 also returned 14 metres at 0.98 g/t gold from 25 metres while the 35-metre intersection included 1 metre at 11.7g/t from 96 metres, 2 metres at 12.0 g/t from 105 metres and 1 metre at 19.2 g/t from 114 metres.
Other results at the 2,459-metre program include:
- 13 metres at 1.55 g/t gold from 141 metres and 3 metres at 2.54 g/t from 177 metres; and
- 10 metres at 0.95 g/t from 189 metres.
As is clear from the results, RC-hole FRC267 has delivered for the company. The hole has been drilled to infill the 80-metre sectional spacing between two other holes with strong results.
Gold assays are pending for the remaining 15 holes, which cover around 1,662 metres of infill and extensional RC drilling.
Astral Resources managing director Marc Ducler said: “These latest RC results from the first four holes of a 19-hole drill program have further reinforced the potential scale and grade of the recently discovered Kamperman Prospect at Feysville.
“FRC267 was drilled to infill the 80-metre sectional spacing between previously reported intersections of 35 metres at 2.19 g/t gold and 5 metres at 5.89 g/t gold.
"Best may be yet to come"
“To have returned the widest, highest-grade intersection seen at Kamperman to date with such consistent gold mineralisation down the length of the reported mineralised zone, was especially pleasing.
“The potential for Kamperman to become a valuable contributor of high-grade satellite ore feed to the Mandilla Gold Project development continues to increase with every hole drilled.
“With assay results from a further 15 RC holes still pending, we are confident that the best may yet be to come.”
The Feysville Gold Project is within the north-northwest trending Norseman-Wiluna Greenstone Belt, part of the Archaean Yilgarn Craton.
The area is known for significant gold and nickel mineralisation, including the nearby Golden Mile Super Pit and the St Ives Gold Mine.
The project has a mineral resource estimate of 3 million tonnes at 1.3 g/t for 116,000 ounces of contained gold and is poised to become a valuable source of high-grade satellite ore feed for Astral's flagship Mandilla Gold Project.