Astral Resources announces significant drilling results

Astral Resources (ASX:AAR) has unveiled the results from the last 11 holes of a 31-hole reverse circulation drilling program at the Kamperman Deposit, part of the Feysville Gold Project near Kalgoorlie. The company reported significant high-grade gold intercepts, highlighting the potential for further growth in the Mineral Resource Estimate.

Summary of Astral Resources' exploration progress

Astral Resources has completed a 31-hole reverse circulation drilling program at the Kamperman Deposit, yielding significant high-grade gold intercepts. These results suggest opportunities for further Mineral Resource Estimate growth. The company is progressing with additional drilling programs at other sites, including the Mandilla Gold Project, and plans to update its MREs in the coming months. The Feysville Gold Project currently has a MRE of 5Mt at 1.2 g/t Au for 196koz of contained gold, while the Mandilla Gold Project has a consolidated JORC 2012 MRE of 38Mt at 1.1 g/t Au for 1,265koz. Astral Resources aims to expand its gold resource base and advance towards potential mining operations.

Executive commentary on drilling success

Managing Director Marc Ducler expressed optimism about the high-grade results and the potential for MRE upgrades. The company plans to continue with aggressive exploration and development to enhance resource confidence.