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Highlights
- Astral Resources identifies high-grade gold zones at Feysville’s Kamperman deposit.
- Drill results strengthen growth potential for Kamperman’s resource estimate.
- New diamond drill rig could accelerate ongoing drilling programs.
Astral Resources (ASX:AAR) has announced additional high-grade results from in-fill drilling and has successfully tested a high-grade gold zone within its Kamperman deposit, part of the company’s 100%-owned Feysville Gold Project located near Kalgoorlie, Western Australia. These findings underscore Kamperman’s potential for resource growth, supporting its role as a potential satellite ore feed source to Astral’s primary Mandilla Gold Project.
The Feysville project currently boasts a mineral resource estimate (MRE) of 3 million tonnes at a grade of 1.3 grams per tonne (g/t) gold, amounting to approximately 116,000 ounces of contained gold within the Think Big deposit. This foundation positions the project well for strategic contributions to a future mining operation.
The recent drill campaign comprised 31 reverse circulation (RC) drill holes, spanning a total of 3,834 meters, with assays received for the final 11 holes (1,254 meters). Significant intercepts reported by Astral Resources include:
- Hole FRC387 yielded 33 meters at 3.75 g/t gold from a depth of 58 meters, including a notable 3 meters at 14.8 g/t gold from 75 meters.
- Hole FRC389 returned 10 meters at 1.63 g/t gold from 131 meters and 22 meters at 5.21 g/t gold from 149 meters, with higher-grade intervals of 2 meters at 30.9 g/t gold from 164 meters and 2 meters at 12.2 g/t gold from 168 meters.
- Hole FRC388 intercepted 22 meters at 4.44 g/t gold from 105 meters, including 2 meters at 25.9 g/t gold from 121 meters.
These results validate the continuity of a high-grade zone at Kamperman, demonstrating Astral’s capacity to pinpoint key geological controls, which may further enhance the MRE potential for Kamperman. The RC rig is now advancing in-fill and extensional drilling at the Iris and Eos zones, respectively. Following this, it will return to Kamperman to complete an additional 15-hole (2,110-meter) in-fill program.
In parallel, diamond drilling at the Theia zone is progressing, with four in-fill holes planned. The first hole has been completed, and the logging process has revealed notable visible gold occurrences, signaling promising results. To expedite progress, Astral is working to secure a second diamond drill rig, which could advance both the Theia in-fill and geotechnical programs, essential for determining the open pit parameters for Hestia and Eos within the ongoing Mandilla pre-feasibility study.
Despite the positive drilling outcomes, Astral Resources’ stock saw a dip in market reaction, trading down by 10.7% to 12.5 cents by 1 pm AEST following the announcement.
