HIGHLIGHTS
Astral Resources’ Managing Director Marc Ducler said: “This 26-hole drill program is arguably the most successful program completed to date at Kamperman.
“These latest results confirm our geological interpretations with, pleasingly, a broad 30- metre-wide zone of consistent +2g/t gold mineralisation defined across multiple sections in the southern zone at Kamperman.
“Mineral Resource estimate work is now underway at Kamperman following receipt of these latest results, while the Rogan Josh and Think Big estimations are currently being finalised.
“The focus is now turning to the Theia Deposit at the Mandilla Gold Project, with the first phase (6,000 metres) of in-fill RC drilling expected to get underway next week.
“Following the completion of the Phase 1 program, Astral will return to Feysville following up the significant gold anomalies that were announced earlier this month in an area to the north-west of Kamperman.”
This announcement reports assay results for 23 holes of the 26-hole program. Assay results for the remaining three holes are pending.
FEYSVILLE GOLD PROJECT
The Feysville Gold Project is located within the north-north-west trending Norseman – Wiluna Greenstone Belt, within the Kambalda Domain of the Archean Yilgarn Craton, approximately 14km south of the KCGM Super Pit in Kalgoorlie.
Significant gold and nickel mineralisation occurs throughout the belt, including world-class deposits such as the Golden Mile Super Pit in Kalgoorlie owned by Northern Star Resources Limited (ASX: NST) and the St Ives Gold Mine south of Kambalda owned by Gold Fields Limited. The area also hosts the substantial Beta Hunt Gold Mine owned by Karora Resources Inc. (TSX: KRR).
Feysville hosts an MRE of 3Mt at 1.3g/t Au for 116koz of contained gold2 at the Think Big deposit, providing a foundation for the project to potentially become a source of satellite ore feed to a future operation based on Astral’s flagship Mandilla Gold Project.
Locally, Feysville has been interpreted to contain upthrust ultramafics, emplaced within a sequence of volcanic sediments (the Black Flag sediment group), granitic intrusions, mafic basalts, gabbro and andesite.
A map of the Feysville Gold Project identifying tenements and deposits/prospects on local area geology is set out in Figure 2.
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