Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Astral Resources Ltd.
Project name: Mandilla
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 25m @ 10.57g/t Au from 206m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report exceptional new results from the diamond drill program completed in late 2021 at its 100%‐owned Mandilla Gold Project (Mandilla or Project), located approximately 70km south of Kalgoorlie, Western Australia (Figure 1). The results highlight the potential for further growth in the JORC 2012 Mineral Resource estimate (MRE) of 24Mt at 1.0 g/t Au for 784koz at Mandilla, with extensional and in‐fill drilling yielding wide zones of high‐grade mineralisation. Mandilla is a shear hosted gold deposit situated on the western margin of the Emu Rocks Granite in contact with sediments of the Spargoville Group (Figure 2). Significant NW to WNW‐trending structures along the western flank of the project are interpreted from aeromagnetic data to cut through the granitic intrusion and may be important in localising mineralisation at Theia, where a mineralised footprint extending over a strike length of more than 1.5km has previously been identified. A second sub‐parallel structure hosts gold mineralisation at Iris. In this area, a mineralised footprint extending over a strike length of approximately 700 metres has been identified.
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