| Announcement Date: | 2022-08-23 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Astral Resources Ltd. |
| Project name: | Mandilla |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 3m @ 11.85g/t Au from 52m |
| 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 provide an update on ongoing drilling programs aimed at increasing the Mineral Resource Estimate (MRE) at the 100%-owned Mandilla Gold Project (Mandilla or Project), located approximately 70km south of Kalgoorlie, Western Australia (Figure 1). Assay results have been returned from the recent Phase 2 air-core (AC) drilling program at the Eos deposit, with results continuing to demonstrate the high-grade tenor and consistency of the palaeochannel mineralisation. This new drilling, combined with the current diamond drilling (DD) program at Theia and the 33,000 metres drilled since the last MRE update, provides the foundational information to significantly increase the JORC 2012 MRE at Mandilla, which is currently 24Mt at 1.0g/t Au for 784koz. A review of previous diamond drilling and related structural geology information has identified conjugate high‐grade gold trends, one north plunging (‐25°→310°) and the other south plunging (‐ 18°→130°). The two inferred trends are being tested as part of a 17 hole/4700 metre DD program. With five holes completed to date, visual observations from the diamond core so far support the interpretation. Confirmation of this interpretation and associated |
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