Asra Minerals Confirms High-Grade Gold at Kookynie East

THE DRILL SERGEANT: Asra Minerals (ASX: ASR) intersected gold with three diamond drill holes recently completed at the company’s Kookynie East gold project in Western Australia.

Asra Minerals carried out the drilling as part of a confirmatory diamond drill program, which it reported to have returned considerable gold grades at depth extending mineralisation that was indicated by historical drilling.

Each of the three holes drilled across the project’s Orion and Sapphire targets intersected targeted mineralised structure in a slightly deeper than expected location helping to validate geological interpretation based on historical drilling.

Gold assay results, include:

Sapphire

NICD005
1 metre at 47.95 grams per tonne gold from 115.2m; and

NICD006
1m at 23.12g/t gold from 148.7m.

Orion

NICD003
0.8m at 23.97g/t gold from 161.2m.

“We are very encouraged by the results from this program and to see gold in the drill core,” Asra Minerals executive chairman Paul Summers said in the company’s ASX announcement.

“The diamond program 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.

“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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE