Astral Resources

Outstanding New High-Grade Hits Extend Kamperman Strike Length to 350 Metres

Recent RC drilling at Kamperman has successfully in-filled the Prospect to the south and extended the known mineralised strike by a further 100 metres to the north.

Astral Resources NL (ASX: AAR)(Astral or the Company) is pleased to report assay results from the remaining 15 holes of a recently completed 19-hole RC drilling program at the Kamperman Prospect, part of its 100%-owned Feysville Gold Project (Feysville), located approximately 14km south of Kalgoorlie in Western Australia (Figure 1).


HIGHLIGHTS

  • Assay results received from the remaining 15 holes of a 19-hole/2,459 metre Reverse Circulation (RC) drilling program at the Kamperman Prospect (Feysville Gold Project), with best results including:
    • 13 metres at 3.95g/t Au from 35 metres including 1 metre at 45.6g/t Au from 41 metres in FRC279;
    • 24 metres at 2.67g/t Au from 49 metres including 1 metre at 31.7g/t Au from 59 metres in FRC272;
    • 15 metres at 3.12g/t Au from 23 metres including 1 metre at 13.9g/t Au from 24 metres in FRC271;
    • 33 metres at 1.21g/t Au from 31 metres in FRC273;
    • 1 metre at 5.25g/t Au from 83 metres and 5 metres at 5.94g/t Au from 90 metres including 2 metres at 12.7g/t Au from 90 metres in FRC280;
    • 5 metres at 3.11g/t Au from 73 metres including 1 metre at 10.7g/t Au from 73 metres in FRC270;
    • 14 metres at 1.09g/t Au from 21 metres and 12 metres at 0.87g/t Au from 40 metres in FRC276;
    • 5 metres at 2.02g/t Au from 157 metres to bottom-of-hole in FRC278; and
    • 3 metres at 2.59g/t Au from 33 metres and 3 metres at 1.97g/t Au from 79 metres in FRC281.
  • Extensional drilling has successfully increased the strike length of the Kamperman Prospect to 350 metres with the mineralisation remaining open to both the north and south.
  • A follow up 2,500 metre RC program is planned at Kamperman to extend the strike length a further 160 metres targeting high-grade shear-hosted gold mineralisation.
  • With 14 of the 19 holes drilled in this latest campaign intersecting significant gold mineralisation, Kamperman continues to advance towards a potentially very valuable source of high-grade satellite ore for the Mandilla Process Plant contemplated in the September 2023 Scoping Study1.

Astral Resources’ Managing Director Marc Ducler said: “This Kamperman Prospect continues to deliver. The results from the remaining 15 holes of the 19-hole RC drill program have now been returned and the program has successfully delivered on both of its key objectives – extending the strike length to the north and in-filling the prospect to the south.

“14 of the 19 RC holes drilled in this latest program returned significant assay results, with this high success rate continuing to demonstrate that Kamperman has the potential to be a meaningful contributor of high-grade satellite ore into the Mandilla process plant contemplated in the September 2023 Scoping Study.

“Following on from the strongly supported capital raising completed in late March 2024, Astral is now well funded to continue on with its aggressive exploration programs, including further drilling at Kamperman.

“A 2,500-metre follow-up RC program is planned to commence this month to further extend known mineralisation at Kamperman beyond the current 350-metres strike length.”

Figure 1 – Mandilla and Feysville Gold Projects location map.

FEYSVILLE GOLD PROJECT

The Feysville Gold Project is located within the north-north-west trending Norseman-Wiluna Greenstone Belt, within the Kambalda Domain of the Archaean Yilgarn Craton.

Feysville hosts a Mineral Resource Estimate (MRE) of 3Mt at 1.3g/t Au for 116koz of contained gold2 at the Think Big deposit, providing a foundation to potentially become a source of satellite ore feed to a future operation based on the Company’s flagship Mandilla Gold Project.

Significant gold and nickel mineralisation occurs throughout the belt, including world-class deposits such as the Golden Mile Super Pit in Kalgoorlie owned by Northern Star Limited (ASX:NST) and the St Ives Gold Mine south of Kambalda owned by Gold Fields Limited.

Locally, Feysville has been interpreted to contain upthrust ultramafics, emplaced within a sequence of volcanic sediments (the Black Flag sediment group), granitic intrusions, mafic basalts, gabbro and andesite.

A map identifying tenements and deposits/prospects on local area geology is set out in Figure 2.


Click here for the full ASX Release

This article includes content from Astral Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Astral Resources

Astral Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Astral Resources

Astral Resources


Keep reading...Show less
"Tariff" highlighted in pink.

Top Stories This Week: Gold Price Rises, Trump Talks Tariffs, Trudeau Resigns

Gold was on the rise during the first full week of the new year, with futures ending above US$2,715 per ounce.

The yellow metal is seeing support from a variety of factors, including turmoil related to incoming US President Donald Trump. CNN reported on Wednesday (January 8) that Trump is considering declaring a national economic emergency in order to legally justify a wide-ranging set of tariffs on both ally and adversary countries.

Trump's team hasn't confirmed this plan, but it would allow him to build a tariff program via the International Economic Emergency Powers Act (IEEPA), which gives the president the ability to manage imports during a national emergency.

Keep reading...Show less
Business handshake.

Lunnon Metals, Ngadju People Sign Mining Agreement for Kambalda Gold-Nickel Project

Lunnon Metals (ASX:LM8) said Thursday (January 9) that it has signed a mining agreement with Ngadju Native Title Aboriginal Corporation regarding the Kambalda gold-nickel project in Western Australia.

In a press release, the company said the agreement covers only relevant parts of the project. The conditions of the agreement have been discussed since June 2021, after Lunnon listed on the ASX.

“This agreement has taken over three years to finalise but embodies a shared commitment with the Ngadju people to progress our gold and nickel portfolio towards development and potential future production,” said Lunnon Managing Director Edmund Ainscough. He added that the deal covers procedures from exploration to production.

Keep reading...Show less
QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

Quimbaya Gold Inc. (CSE: QIM) (" Quimbaya " or the " Company ") is pleased to announce its participation in the upcoming 2025 Vancouver Resource Investment Conference (the "VRIC") in Vancouver on January 19-20 2025 . VRIC, is a key event in the junior mining sector for 25 years and draws over 9,000 investors and 300 investment opportunities in the mining sector.

Quimbaya logo (CNW Group/Quimbaya Gold Inc.)

This conference presents an excellent opportunity for Quimbaya to expose early stage discovery investors to its three large scale claim packages in Antioquia, Colombia and to outline its exploration plans for 2025. The conference schedule includes tailored meetings that match investors with appropriate projects, supported by expert analyses and updates on the latest trends in the mining sector.

Investors interested in attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference . Quimbaya invites attendees to visit us at Booth 704 where they will have the opportunity to engage directly with the Company's management team and learn more about Quimbaya's exploration activities.

"We're excited to join VRIC 2025, one of the premier events for investors and resource enthusiasts," said Alexandre P. Boivin President and CEO of Quimbaya Gold.  "This conference is our springboard into our most active year ever on our quest to make the next great gold discovery in one of the best gold rich districts on the planet."

About Quimbaya

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia . Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia .

Quimbaya Gold Inc. 
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold

Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/10/c6999.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

SAVE THE DATE: NOVAGOLD 2024 Year-End Report, Conference Call and Video Webcast

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or "the Company" (NYSE American, TSX: NG) will release its 2024 year-end report before market open on January 23, 2025, followed by a conference call and video webcast to discuss these results at 8:00 am PT (9:00 am MT11:00 am ET).

During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's year-end financial results and an update on the Donlin Gold project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

SAVE THE DATE: NOVAGOLD 2024 Year-End Report, Conference Call and Video Webcast

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or "the Company" (NYSE American, TSX: NG) will release its 2024 year-end report before market open on January 23, 2025, followed by a conference call and video webcast to discuss these results at 8:00 am PT (9:00 am MT11:00 am ET).

During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's year-end financial results and an update on the Donlin Gold project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Astral Resources

Astral Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×