- Askari Metals (AS2) unveils further high-grade assay results of up to 48.6 grams of gold per tonne (g/t) from the Burracoppin Gold Project in WA
- The phase-two drilling program was completed in late February and involved 13 holes for 1300 metres, targeting a specific area of mineralisation
- Askari struck shallow, high-grade gold during the program, which it says supports its belief the project can support a potentially large gold endowment
- Askari Metals now has plans in place for a third phase of reverse circulation drilling before the end of the month to test a previously untouched zone of potential mineralisation
- Askari Metals last traded at 49.5 cents on May 17
Askari Metals (AS2) has unveiled further high-grade assay results of up to 48.6 grams of gold per tonne (g/t) from the Burracoppin gold project.
The company received the results from its second phase of reverse circulation drilling in the Wheatbelt region of Western Australia.
The phase-two program was completed in late February and involved 13 holes for 1300 metres. While the first phase of drilling aimed to target mineralised zones associated with historical workings, the second phase targeted a specific area of mineralisation.
Askari intersected shallow, high-grade gold during the program and said it interpreted multiple sub-parallel mineralised units via the project’s first 3D mineralised model.
The stand out assay results from the program included 8.5 metres at 4.88 g/t gold from 19.5 metres, including 0.5 metres at 48.6 g/t gold from 19.5 metres.
Askari Vice President of Exploration and Geology Johan Lambrechts said the results validate the company’s interpretation of the geology and mineralisation within this untested zone.
“The phase two drilling focused on the central portion of the current mineralised area and has resulted in a substantially larger lode gold target than we started with, supporting our belief that the Burracoppin project can support a potentially large gold endowment,” Johan Lambrechts said.
Askari Metals now has plans in place for a third phase of reverse circulation drilling on the Burracoppin gold project before the end of the month.
The new phase, spanning 3000 metres, will test a previously untouched zone of potential mineralisation that was identified through soil samples.
Askari Metals last traded at 49.5 cents on May 17.