- Astral Resources (AAR) begins the first round of drilling in three years at its Feysville project in Western Australia
- An initial 1500-metre diamond drilling program is planned to test extensions to the Think Big deposit, and a hanging wall ultramafic unit
- Drilling will also test the Ethereal, Hyperno and Rogan Josh deposits to determine the stratigraphy ahead of a more comprehensive reverse circulation drilling program
- At the same time, the company says work on a mineral resource estimate for its Mandilla project is continuing
- Shares in AAR are up 1.6 per cent trading at 6.3 cents at 2:16 pm AEDT
Astral Resources (AAR) has begun the first round of drilling in three years at its Feysville project in Western Australia.
An initial 1500-metre diamond drilling program is planned to test extensions to the Think Big deposit, and a hanging wall ultramafic unit where gold mineralisation was previously found.
Astral has also planned to test the Ethereal, Hyperno and Rogan Josh deposits to determine the stratigraphy ahead of a more comprehensive reverse circulation drilling program scheduled for the start of 2023.
It comes as the company secured 12 new tenements, more than doubling its Feysville footprint from 11 square kilometres to 27 square kilometres.
The company’s Managing Director, Marc Ducler, said this program will be an “important test” of the existing 116,000 ounce Mineral Resource at Think Big.
At the same time, Mr Ducler said work on a mineral resource estimate for the company’s Mandilla project is continuing, moving AAR closer to what it believes is a “critical mass” for a standalone processing hub at Mandilla.
In this vein, Mr Ducler said success at Feysville would further enhance the company’s strategy, opening up “an important second growth avenue” and potentially increasing its resource base with the addition of high-quality ounces that could feed in as future satellite ore source.
Shares in AAR were up 1.6 per cent trading at 6.3 cents at 2:16 pm AEDT.