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Astral Resources (ASX: $AAR) continues drilling at Theia delivers strong results

Astral Resources reports strong results from Theia diamond drilling program


Astral Resources NL (ASX: $AAR) has reported strong assay results from the final three holes of the six-hole diamond drill (DD) program completed at the cornerstone Theia deposit at the Mandilla Gold Project. The results include wide, high-grade intercepts, such as 29 metres at 2.78g/t Au, supporting a potential increase in resource confidence to the Indicated Mineral Resources category.

Executive commentary on Theia diamond drilling results


Astral Resources' Managing Director Marc Ducler expressed satisfaction with the diamond drill program, stating, 'The program is likely to support an increase in the resource confidence of the Theia deposit at depth, which will potentially allow for the conversion of Inferred Mineral Resources into the higher confidence Indicated Mineral Resources category.' He also highlighted the ongoing exploration activities, including the air-core program at Feysville and the scheduled RC program at Kamperman in mid-February.

Summary of Theia diamond drilling results and outlook


The assay results from the final three holes of the diamond drilling program at Theia have demonstrated significant gold intercepts, potentially increasing the resource confidence to the Indicated Mineral Resources category. Astral Resources' ongoing exploration activities indicate a proactive approach to further delineate and expand the mineralization footprint at the Mandilla Gold Project. The company's previous announcements regarding the updated Mineral Resource Estimate and the Scoping Study reflect a positive outlook for the project. With pending assay results for the Kamperman prospect, Astral Resources remains focused on advancing its exploration and development activities to unlock the full potential of its gold projects.

Sourcehttps://announcements.asx.com.au/asxpdf/20240118/pdf/05zjk79q81b8zy.pdf

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