Announcement Date: 2021-11-29
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: Astro Resources NL
Project name: Needles
Location: United States
Commodities: Gold,Silver,Copper,Lead,Zinc,Antimony,Bismuth,Arsenic
Highlight: Pyrite mineralisation intersected
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Astro Resources NL (ASX: ARO) (“ARO”, “Astro” or “the Company”) is pleased to provide an update of its drilling at the Needles Gold Project in Nevada, USA (Figure 1). As previously advised (ASX Announcement; ARO 25 October 2021), drilling recently commenced to test the large, robust DC/IP chargeability anomaly defined at Needles with the plan to drill up to three inclined core-holes, targeting mineralisation between 250m to 500m below surface (Figures 3 and 4). A fourth hole may be drilled targeting potential shallower, high-grade epithermal mineralisation as well as deeper Round Mountain type mineralisation beneath the Tomahawk Shaft. Astro’s Chairman, Jacob Khouri commented, “Whilst it is too early at this stage to confirm whether the core drilled to date contains gold, the often strong alteration and significant percentage of pyrite observed, together with interpretation that drilling appears to be progressing towards the heat source, gives us encouragement that we are testing a mineralised system. We look forward to receiving the preliminary results from assaying which we are fast-tracking”.
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