Tolga Kumova’s ‘potential life-changer’ Aston Minerals soars 70pc on visible gold intersect
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Shares in Tolga Kumova favourite Aston Minerals popped more than 70% this morning on the back of coarse visible gold intersected during maiden drilling at the Edleston project in Ontario, Canada.
The gold, visible as veinlets, came in the third diamond drill hole by Aston (ASX:ASO) at Edleston from 362m – part of a broader 12m interval containing extensive quartz veining with pyrite-pyrrhotite and occasional visible gold.
Take a look for yourself – it’s little wonder the market is running hot for it:
Current drilling at Edleston is focused on an area 200m along strike to the east of the main defined mineralised body at the project, with around 1km of a total 10km strike length tested so far.
The positive signs are boosted by the elephants in the region – Edleston is located in close proximity to some of the world’s largest gold mines.
Managing director Dale Ginn said the early hit was validation of ASO’s early exploration techniques at Edleston, as well as the project’s prospectivity.
“The early success of the program through hitting visible gold veinlets in the third hole, 200m along strike to the east of the main Edleston body of mineralisation, provides us with a high degree of confidence of both the scale of the mineralisation and the methodology of targeting,” he said.
“The mineralisation was directly targeted based on the IP chargeability anomalies. The effective strike length tested by drilling consists of only 1km out of a 10km of strike within the project.
“We are looking forward to providing further updates as the drilling program unfolds.”
The 12m interval has been prioritised for core processing and will be sent for rush analysis, with results to be available in the coming weeks.
Based on the response to today’s announcement, there will be plenty of eyes on those results once available at market.
Tolga is non-executive chairman of the company.