Highlights
- 2,400m air-core and 1,310m reverse circulation drilling program completed on gold in soil and geophysical targets in the Diorite East Prospect of Mt Stirling located within 5km of Vault Minerals Ltd (ASX:VAU) +6Moz King of the Hills (KOTH) Gold Mine
- The drill program successfully confirmed the presence of gold mineralisation in the bedrock and prioritised targets to be tested in a larger RC drill program
- Significant drilling intersections of shallow gold mineralisation in the Diorite East Prospect include:
- o 4m @ 1.69 g/t Au from 12m in aircore drill hole TAA049
o 4m @ 1.68 g/t Au from 8m in aircore drill hole TAA042 o 4m @ 0.64 g/t Au from 28m in aircore drill hole TAA040
o 1m at 1.72 g/t Au from 31 in aircore drill hole TAA012
- In addition, several strong, untested gold in soil anomalies have been identified at Yttria and Mt Stirling Viserion in vacuum drilling with a maximum grade of 1219ppb Au (1.2 g/t Au)
- Follow up RC drill planning underway to test high priority anomalies identified through AC and vacuum drilling
Asra Minerals Limited (ASX: ASR; “Asra” or “the Company”) is pleased to announce an exploration update for the Mt Stirling Gold Project (Mt Stirling). Significant gold grades were returned from the air core (AC) and reverse circulation (RC) drilling on the Diorite East surface geochemical and geophysical targets identified as high priority during the Mt Stirling Project exploration target ranking stage.
Highly anomalous gold in soil assays have been returned from assaying of the 2021-2022 vacuum drilling carried out in the vicinity of Mt Stirling and Yttria.
Asra’s Executive Chairman, Paul Summers commented:
“The air core drilling program was designed to identify mineralised structures in the East Diorites tenements, and we have successfully achieved this goal. We will follow-up on the best intersection with RC drill holes with the aim of discovering new economic mineralisation in this area."
“A fantastic result from gold analyses of the top two metres of the vacuum drilling completed in 2021 to 2022. We will review the most anomalous gold in vacuum soils and prioritise for drill testing.”
About us:
Asra Minerals (ASX:ASR) Investment Overview
▪ Dominant land position in a proven greenstone belt – 936km2 strategic landholding in the world class Leonora gold province covering +75km of underexplored prospective strike
▪ Proven high-grade gold potential – Combined JORC 2012 resources of 200koz at 1.8 g/t Au, multiple historic mines (>380koz produced) and shallow historic intercepts (up to 249g/t Au within 140m)
▪ Drill ready gold targets – Multiple high priority drill-ready targets at Orion-Sapphire with immediate tenement wide target generation, refinement and prioritisation program
▪ Attractive valuation and leverage to exploration success – Low market cap and well-funded to explore
Contact details:
Dayna Louca
dayna@janemorganmanagement.com.au
