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

Augustus Minerals confirms wide gold intersections at Music Well

Augustus Minerals is fast-tracking follow-up drilling at the Music Well gold project in WA after receiving…
The Market Online Video

Codeifai (ASX:CDE) talks product evolution, AI, and what’s next for the business

HotCopper speaks to Codefai executive director and COO Martin Ross about the ASX-listed company entering a…
The Market Online Video

Expert Exchange: David Sokulsky on AI trade, chip stocks, and where to invest now

Carrara Capital CIO David Sokulsky on why he's bullish on AI but cautious on valuations, Nvidia,…
The Market Online Video

The ASX Today: Judo Capital crashes finance sector; strong jobs data weighs on bourse

The ASX slipped after stronger-than-expected jobs data reduced hopes of rate cuts. Judo Capital plunged more…