Strong Assays Results at Kamperman Ahead of Feysville Resource Upgrade

Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results from a recently completed 26-hole/2,808 metre 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

• 26-hole/2,808 metre reverse circulation (RC) infill and extensional drilling program completed at the Kamperman Prospect (Feysville Gold Project) with excellent results from the first 23 holes including:
  • 38 metres at 2.12g/t Au from 42 metres in FRC358;
  • 34 metres at 2.24g/t Au from 33 metres in FRC353;
  • 19 metres at 3.32g/t Au from 32 metres including 1 metre at 32.78g/t Au from 48 metres in FRC355;
  • 18 metres at 1.51g/t Au from 28 metres in FRC343;
  • 19 metres at 1.35g/t Au from 25 metres in FRC345;
  • 8 metres at 2.40g/t Au from 20 metres in FRC344;
  • 11 metres at 1.38g/t Au from 17 metres and 12 metres at 1.99g/t Au from 78 metres in FRC341;
  • 3 metres at 5.45g/t Au from 64 metres including 1 metre at 15.15g/t Au from 65 metres in FRC359;
  • 13 metres at 1.13g/t Au from 39 metres in FRC336;
  • 8 metres at 1.64g/t Au from 35 metres in FRC351;
  • 14 metres at 1.16g/t Au from 118 metres in FRC356;
  • 11 metres at 1.24g/t Au from 39 metres in FRC348; and
  • 4 metres at 3.09 g/t Au from 67 metres in FRC335;
• In-fill results support the interpretation of a high-grade west-dipping zone of gold mineralisation extending from north to south over 450 metres of strike.
• Extensional drilling shows that the mineralisation at Kamperman remains open both to the north and east.
• The results will underpin a maiden Mineral Resource Estimate (MRE) for Kamperman, due in the September Quarter, as part of an updated MRE for the Feysville Gold Project.
• Kamperman represents a potential valuable source of high-grade satellite feed for the Mandilla Process Plant contemplated in the September 2023 Scoping Study ¹.

Astral Resources’ Managing Director Marc Ducler said: “This 26-hole drill program is arguably the most successful program completed to date at Kamperman.

“These latest results confirm our geological interpretations with, pleasingly, a broad 30- metre-wide zone of consistent +2g/t gold mineralisation defined across multiple sections in the southern zone at Kamperman.

“Mineral Resource estimate work is now underway at Kamperman following receipt of these latest results, while the Rogan Josh and Think Big estimations are currently being finalised.

“The focus is now turning to the Theia Deposit at the Mandilla Gold Project, with the first phase (6,000 metres) of in-fill RC drilling expected to get underway next week.

“Following the completion of the Phase 1 program, Astral will return to Feysville following up the significant gold anomalies that were announced earlier this month in an area to the north-west of Kamperman.”

This announcement reports assay results for 23 holes of the 26-hole program. Assay results for the remaining three holes are pending.

Figure 1 – Map illustrating location of Mandilla and Feysville Gold Projects.

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 Archean Yilgarn Craton, approximately 14km south of the KCGM Super Pit in Kalgoorlie.

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 Resources Limited (ASX: NST) and the St Ives Gold Mine south of Kambalda owned by Gold Fields Limited. The area also hosts the substantial Beta Hunt Gold Mine owned by Karora Resources Inc. (TSX: KRR).

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

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 of the Feysville Gold Project 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.