Kalgoorlie Boulder
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Astral Resources (ASX:AAR) has highlighted a drill intercept only 3m in length but grading in at 177g/t gold from the latest run at its Feysville project just south of Kalgoorlie.

That came one from single drillhole, FRC378, which returned 12m at 7.26g/t gold from 23m depth; further down, 25m at 24.3g/t gold from 68m depth, and then finally, the high-grade 3m at 177g/t gold zone from 74m depth.

That was the best downhole result from 20 holes sunk at the project, with this latest run focusing on a prospect of interest within the larger Feysville package, Kamperman.

Other results included 12m at 1.96g/t gold from 20m depth and 4m at 2.95g/t gold from 61m depth.

Diamond drilling has now been slated for Kamperman in a bid to – hopefully, Astral says – replicate those results from FRC378. Geotechs also believe mineralisation at Kamperman remains open to the North.

“These latest holes at Kamperman continue to surprise to the upside – showing that there is a potentially very significant high-grade opportunity here that we are yet to unlock,” company chief Marc Dulcer said.

“Previous diamond drilling that was completed to better understand the potential orientation of this very high-grade zone was not successful; however, given the potential size of the prize, additional work is warranted.”

In the background, Astral’s larger Mandilla program remains in the stage of preparing a prefeas study.

AAR last traded at 12.5cps.

Join the discussion: See what HotCopper users are saying about Astral Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

aar by the numbers
More From The Market Online

Altitude Minerals kicks off drilling at Byrock copper-gold project

Altitude Minerals is testing a number of compelling RC drill targets recently confirmed at the Byrock…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham: Has crypto lost its magic? Investors rethink ‘digital gold’ narrative

Bitcoin and the crypto market built its reputation on a simple promise: buy and hold it, and eventually you’ll be rewarded, but right

Australian Oil Company ramping up Surat Basin development

Australian Oil Company is ramping up oil and gas production growth at its Surat Basin operations…

Echo IQ teams up with Mayo Clinic to evaluate AI cardiac risk tool in cancer patients

Echo IQ has secured a research collaboration with Mayo Clinic to evaluate its AI-powered cardiac risk…