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Astral Resources (ASX: $AAR) extends Kamperman strike length to 350 metres

Astral Resources reports extension of Kamperman Prospect at Feysville Gold Project


Astral Resources NL (ASX: $AAR) has reported the assay results from the remaining 15 holes of a recently completed 19-hole RC drilling program at the Kamperman Prospect, part of its 100%-owned Feysville Gold Project located approximately 14km south of Kalgoorlie in Western Australia. The recent RC drilling has successfully in-filled the Prospect to the south and extended the known mineralised strike by a further 100 metres to the north.

Astral Resources' Managing Director Marc Ducler on Kamperman Prospect


Astral Resources' Managing Director Marc Ducler expressed satisfaction with the results, stating, 'This Kamperman Prospect continues to deliver. The results from the remaining 15 holes of the 19-hole RC drill program have now been returned and the program has successfully delivered on both of its key objectives - extending the strike length to the north and in-filling the prospect to the south. 14 of the 19 RC holes drilled in this latest program returned significant assay results, with this high success rate continuing to demonstrate that Kamperman has the potential to be a meaningful contributor of high-grade satellite ore into the Mandilla process plant contemplated in the September 2023 Scoping Study.'

Astral Resources' Outlook


The extensional drilling has successfully increased the strike length of the Kamperman Prospect to 350 metres, with mineralisation remaining open to both the north and south. A follow-up 2,500 metre RC program is planned at Kamperman to extend the strike length a further 160 metres targeting high-grade shear-hosted gold mineralisation. With 14 of the 19 holes drilled in this latest campaign intersecting significant gold mineralisation, Kamperman continues to advance towards a potentially very valuable source of high-grade satellite ore for the Mandilla Process Plant contemplated in the September 2023 Scoping Study. Astral Resources is well funded to continue its aggressive exploration programs, including further drilling at Kamperman. The company is set to commence a 2,500-metre follow-up RC program in April 2024 to further extend known mineralisation at Kamperman beyond the current 350-metres strike length.

ASTRAL RESOURCES NL
AAR | ASX | Materials
0.077-0.001(-1.28%)
At close 05/07 (AEDT)
Market cap
$72.9M
Volume
120,870
DY Yield
0
PE Ratio
0
52 Week Range
0.051 - 0.099
1YR Return
208%

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