Asra Minerals (ASX: ASR) has intersected the targeted mineralised structure with exceptional gold assay results from three diamond drill holes completed at the recently acquired Kookynie East Gold Project in Western Australia.
The confirmatory diamond drill programme has returned considerable gold grades, verifying the presence of strong gold grades at the depth extending mineralisation indicated by historical drilling.
Each hole intersected the targeted mineralised structure in a slightly deeper than expected location helping to validate geological interpretation based on historical drilling.
“We are very encouraged by the results from this programme and to see gold in the drill core. The diamond programme successfully intersected the targeted structure which not only strengthens our confidence in historical drilling, but also demonstrates the extension of mineralisation at depth. We now have valuable structural information with the anticipated high-grade lode positions confirming our interpretations, as well as the validity of historical drilling information at both Orion and Sapphire," Executive Chairman, Paul Summers, said.
“We will continue to systematically extend these known targets including a range of additional resource growth and discovery targets that have been generated from our extensive data review. With multiple exploration programs underway we are pleased to provide Asra shareholders with strong news flow for the remainder of the year.”
Three three-hole diamond drill programme comprising one hole at Orion and two holes at the Sapphire gold mine located on the Kookynie East Project.
Each hole intersected the targeted structure with excellent gold results returned providing confidence in the collar location of the 1994 historical drilling at all prospects.
Gold assay results included 1m at 47.95 g/t Au from 115.2m; 1m @ 23.12 g/t Au from 148 and 0.8m @ 23.97 g/t Au from 161.2m.
The successful diamond drilling programme improved confidence in the historical drilling. The drill core logging has been completed and valuable structural information collected to inform resource growth targets and applications to the regional geological model. Sampling and assaying of the drill core peripheral to the ore zone is progressing.
