Asra Minerals Drilling to Target Little Wonder Gold Deposit

THE DRILL SERGEANT: Asra Minerals (ASX: ASR) is in preparation mode for a reverse circulation (RC) drilling program to be undertaken at the Little Wonder gold deposit, within the company’s Mt Stirling project near Leonora in Western Australia.

Asra Minerals explained the former gold producing mine forms part of its Northern Hub of projects, with drilling plans at Little Wonder aiming to evaluate the old mine site’s potential, test for mineralisation extensions along strike, and to better understand the gold mineralisation controls in the region.

Subject to approvals, Asra anticipates drilling to commence in Q1 2024 comprising an initial 10 to 12-hole RC program for approximately 2,000m.

Once both visual geological logging and analytical results are received, a plan for follow up drilling will be developed.

Little Wonder is one of 10 gold prospects within the Mt Stirling project.

“Asra’s gold assets at the Mt Stirling project are vastly under-explored, yet highly prospective with an existing 152,000 ounce JORC gold resource,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“During last week’s site visit, we confirmed the geological position of the Little Wonder deposit is directly comparable with large historical gold mine settings in the Leonora region situated along the same fault system.

“This region has recently produced 14 million ounces of gold from large operating mines including Red5’s King of the Hills site, Tower Hills, Thunderbox, Harbour Lights and Gwalia.

“It makes perfect sense to get the drill bit back into our ‘golden roots’ at Mt Stirling as the Australian and US gold price remains strong.

“Simultaneously, field teams are undertaking geochemical soil surveys for lithium mineralisation at Lake Johnston in our Southern Hub, and metallurgical work continues on our Yttria REE deposit in our Northern Hub.

“With a bolstered exploration team and new funding in the bank through our recent placement, we are excited to deliver exploration results on our gold and critical mineral projects in this highly prospective region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE