Early drill results light up Eclipse for Asra Minerals

• Asra reels in 14m at 7.49g/t gold on the Eclipse prospect 
• Preliminary assays have been obtained from a just lately accomplished 40-hole RC marketing campaign 
• Assays for the remaining 39 drill holes are anticipated in September 

Particular Report: Asra Minerals has reeled in a standout intercept of 14m at 7.49g/t gold from its preliminary RC drilling on the Leonora South gold venture close to Kookynie, WA, confirming the presence of shallow mineralisation. 

These outcomes are the primary from the 3432m 40-hole drilling marketing campaign on the Eclipse and Problem prospects on the finish of July. 

The standout intercept is from gap NIC017, which intersected a broad, high-grade zone from a depth of simply 12m at Eclipse. 

Eclipse is an underexplored prospect near the historic Orion and Sapphire gold mines which host a 48,000oz gold useful resource at 2.2g/t. 

Asra (ASX:ASR) has despatched composite samples for the remaining 39 drill holes to the lab with outcomes anticipated in early September. 

Outcomes strengthen scale of Lenora South

ASR managing director Paul Stephen mentioned he was inspired by the primary outcomes. 

“This distinctive final result not solely validates historic drilling but additionally reinforces our confidence within the potential scale of the Leonora South gold venture,” he mentioned. 

“The usage of assay strategies has given us confidence within the reliability of the outcomes, and with assays pending for the stability of this system, we look ahead to constructing on this momentum and updating the market as outcomes are obtained.”

Of the 40 holes accomplished in this system, 23 for 2070m have been at Eclipse whereas one other 17 for 1362m have been at Problem. 

Leonora South prospectivity 

Nearly all of this system intersected predominantly mafic lithologies, interpreted because the Niagara Layered Advanced (altered dolerite and gabbro), with intermittent felsic intrusives, that are reflective of the areas intruded. 

These lithologies are in step with early greenstone-hosted mineralisation techniques inside the Jap Goldfields of WA. 

Leonora South covers eight semi-contiguous mining licences over 549km2 of floor within the Leonora area, recognized for high-grade gold discoveries such because the close by Ulyssess operation that includes 850,000oz of gold. 

The Problem and Eclipse prospects are inside 200m of the 21,600oz at 2.1g/t gold useful resource on the firm’s Sapphire deposit. 

Whereas ready for the remaining composite assays, Asra plans to evaluate geological logging in addition to endeavor detailed collar surveys through DGPS to refine drill gap positioning forward of the potential of future useful resource modelling.

This text was developed in collaboration with Asra Minerals, a Stockhead advertiser on the time of publishing. 

This text doesn’t represent monetary product recommendation. It’s best to take into account acquiring impartial recommendation earlier than making any monetary choices.