Astral Resources reports significant gold mineralisation at Feysville Gold Project

Astral Resources NL (ASX: $AAR) has reported significant gold mineralisation at its 100%-owned Feysville Gold Project in Western Australia. The company's initial 120-hole reconnaissance program has delineated two new zones of gold anomalism, with approximately 25% of completed holes returning gold anomalism greater than 0.1g/t Au from four-metre composite sampling. The program utilized a slimline RC rig to test an interpreted zone of structural complexity, achieving an average penetration depth of 31m. The first gold anomaly is coincident with a magnetic high and is interpreted to be associated with the mineralised Ethereal Shear, while the second anomaly appears to be associated with a previously identified prospect known as Empire Rose. Reverse circulation (RC) drilling is being planned to follow up both anomalies in the second half of 2024, and a 26-hole RC drill program evaluating the Kamperman prospect is currently underway.

Executive Commentary on Feysville Gold Project

Astral Resources' Managing Director Marc Ducler expressed excitement over the initial reconnaissance drill program, highlighting the identification of two new zones of gold anomalism. He stated, 'Two potential gold discoveries from the first half of a four line-kilometre reconnaissance drill program is an exciting start. With over 25% of the 120 AC holes drilled intersecting significant gold anomalism, we are confident we have demonstrated the potential for further gold discoveries within our Feysville tenement package.' Ducler also mentioned the ongoing in-fill RC program at Kamperman and the planned 14,000 metre RC in-fill program at the Mandilla Gold Project, emphasizing the company's intention to demonstrate Feysville's potential to deliver higher-grade satellite ore feed to a Mandilla Processing Hub.

Summary of Feysville Gold Project Update

Astral Resources' recent exploration activities at the Feysville Gold Project have revealed significant gold mineralisation, indicating the potential for new gold discoveries. The company is planning to conduct RC drilling to follow up on the identified gold anomalism zones and is currently evaluating the Kamperman prospect. Additionally, the company aims to undertake a 14,000 metre RC in-fill program at the Mandilla Gold Project, demonstrating its commitment to advancing mining studies and MRE updates. With the ongoing exploration activities and the potential for further gold discoveries, Astral Resources is optimistic about the growth opportunities at the Feysville Project.