Asra holds around 926km2 covering 75+kms of prospective strike in the Leonora region in WA. Pic: via Getty Images
Asra Minerals spots gold extensions at depth at Leonora projects
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- Asra Minerals reports up to 47.95g/t from drilling at Kookynie East project
- Project complements company’s 152Koz gold deposit at Mt Stirling
- Further drilling at Kookynie East and Mt Stirling planned
Special Report: Asra Minerals has confirmed strong gold grades at depth, extending the mineralisation flagged by historical drilling at its Kookynie East and Mt Stirling projects in WA.
Through the recent acquisition of the Kookynie gold project, the company has effectively tripled its exploration portfolio in the Leonora region of Western Australia and holds around 926km² covering +75km of underexplored prospective strike.
The Mt Stirling Project hosts a 152,000oz gold deposit and a unique clay-hosted REE deposit of clean, heavy rare earth elements and critical minerals, scandium and cobalt.
It’s also alongside Red 5’s (ASX:RED) King of the Hills mine in Leonora, a region that’s produced ~14Moz from mines such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights and Gwalia.
This diamond drilling at Kookynie East spotted gold grains in the drill core, and returned grades including:
- 1m at 47.95g/t from 115.2m (NICD005 – Sapphire)
- 1m at 23.12g/t from 148.7m (NICD006 – Sapphire); and
- 0.8m at 23.97g/t from 161.2m (NICD003 – Orion).
Asra Minerals (ASX:ASR) says this drilling validates the presence of gold grades and depth as indicated by historical intersections – and demonstrates the extension of mineralisation at both Orion and Sapphire approximately 30m below previously drilled intercepts.
Drilling priority targets at depth
AC drilling is planned to commence at Kookynie East testing high-priority regional targets following the completion of the ongoing 4,000m Mt Stirling RC/AC drill program, which is testing multiple high-priority anomalies.
The first batch of assays from the Mt Stirling drill program have been submitted to the lab with results pending.
“We are very encouraged by the results from this program and to see gold in the drill core,” ASR executive chairman Paul Summers said.
“The diamond program successfully intersected the targeted structure, which not only strengthens our confidence in historical drilling, but also demonstrates the extension of mineralisation at depth.
“We now have valuable structural information with the anticipated high-grade lode positions confirming our interpretations, as well as the validity of historical drilling information at both Orion and Sapphire.”
“We will continue to systematically extend these known targets including a range of additional resource growth and discovery targets that have been generated from our extensive data review.
“With multiple exploration programs underway we are pleased to provide Asra shareholders with strong news flow for the remainder of the year.”
This article was developed in collaboration with Asra Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
