Asra racks up Stirling targets for Eastern Goldfields drilling

Asra finds mineralised structures and high-priority gold targets to add to its Leonora landholdings
Drilling confirms gold mineralisation in the Mt Stirling bedrock
Assay of past vacuum drilling also finds strong, untested anomalies

Special Report: Asra Minerals’ combined arms drill campaign has found its quarry of mineralised structures and high-priority gold targets to add to its Mt Stirling flagship in the Eastern Goldfields.

The AC and RC drill program covering gold in soil and geophysical target at the project’s Diorite East prospect both confirmed gold mineralisation in bedrock and prioritised targets for a wider RC program.

Assaying of past vacuum drilling also identified several strong, untested anomalies at the Yttria and Viserion project areas with a top grade of 1.2g/t gold.

“The air core drilling program was designed to identify mineralised structures in the East Diorites tenements, and we have successfully achieved this goal,” Asra executive chairman Paul Summers said.

“We will follow-up on the best intersection with RC drill holes with the aim of discovering new economic mineralisation in this area.

“A fantastic result from gold analyses of the top two metres of the vacuum drilling completed in 2021 to 2022.”

Summers added the company will now review the most anomalous gold in vacuum soils to prioritise for the drill.

Diorite East significant intersections included:

4m at 1.69 g/t Au from 12m in aircore drill hole TAA049;
4m at 1.68 g/t Au from 8m in aircore drill hole TAA042;
4m at 0.64 g/t Au from 28m in aircore drill hole TAA040; and
1m at 1.72 g/t Au from 31 in aircore drill hole TAA012.

Gold targets and other mineral occurrences at the Mt Stirling project. Pic: ASR

Mt Stirling metals

The Mt Stirling project sits encircled by multi-million-ounce neighbours, most notably the Vault Minerals (ASX:VAU) +6Moz King of the Hills mine which lies less than 5km away.

Asra Minerals (ASX:ASR) has over 150Koz under its own ticker in the M&A intensive Goldfields, and sees the project as a possible multi-commodity play with significant levels of rare earths, scandium and cobalt.

Asra effectively tripled its Leonora portfolio after its recent acquisition of the Kookynie East gold project and now holds around 926km2 covering what it considers to be +75km of underexplored, prospective strike.

With its Mt Stirling campaign wrapped for now, Asra is set to begin an AC campaign over Kookynie East after confirming strong grades at depth.

Asra is confident it has already proven the high-grade gold potential of its landholdings, and that it stands well-funded with a low market cap to leverage off any success of its upcoming campaigns.

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.