Astral Resources’ Managing Director Marc Ducler said: “The Kamperman Prospect continues to grow ahead of the delivery of a maiden Mineral Resource, which is expected to be announced in the latter half of the year. Shallow RC drilling is a cost-effective and efficient means of exploration, especially when two-thirds of our drill holes are intersecting significant gold mineralisation, as we have seen at Kamperman.
“A slimline RC rig is now on site and provides a very cost-effective method of drilling shallow holes up to approximately 70 metres depth. This style of drill rig is well suited to the in-fill program now underway at Rogan Josh, which is aiming to improve the definition of a zone of enriched supergene gold mineralisation identified in several historical holes.
“The maiden Mineral Resource Estimates for both Kamperman and Rogan Josh will feed into a broader update to the Feysville Project MRE, which is expected to be delivered in the second half of 2024.
“With relatively conservative pit design (based on AUD $2,100/oz gold price) and revenue assumptions (AUD $2,750/oz gold price) used for the Mandilla Scoping Study, the availability of additional higher-grade ore from Feysville is expected to provide significant additional financial leverage for the upcoming Mandilla Pre-Feasibility Study.
“In addition to the current Resource definition drilling, Astral is also planning to complete a regional exploration program comprising four line-kilometres of AC drilling to test an area up to two kilometres to the north of Kamperman. Interpreted cross- cutting structures and intrusive rocks considered to be potentially important pathways and sites for gold mineralisation appear to cut through a complex folded greenstone package in this area, representing a compelling large scale gold target.”
Leave a Reply