| Announcement Date: | 2022-09-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Astral Resources Ltd. |
| Project name: | Mandilla |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 41.2m at 1.71g/t Au from 339.3m |
| 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 the current diamond drilling (DD) campaign targeting the western flank of the Theia deposit and testing two inferred high‐grade conjugate gold trends 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 first two DD holes completed, with results demonstrating potential for the western flank to deliver material growth in Mineral Resource, and confirming that the Theia deposit remains open at depth with high‐grade gold mineralisation of 0.7m at 80.22g/t Au returned from 447.68 metres down‐hole. These results, together with both the remainder of the 17‐hole (4,700 metres) diamond drill program and 38,000 metres of drilling completed since the last Mineral Resource Estimate (MRE), provide support for a material increase to the JORC 2012 MRE at Mandilla, which currently stands at 24Mt at 1.0g/t Au for 784koz of contained gold. With eleven holes now completed, visual observations from the diamond core continue to support the interpretation of two inferred |
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