Austral Resources Drills New Copper Hits at Flying Horse

THE DRILL SERGEANT: Austral Resources (ASX: AR1) burst out of the blocks on Day Two of the Diggers & Dealers forum in Kalgoorlie to announce drilling results from the company’s recent Flying Horse diamond drilling program.

Austral Resources’ announcement followed a strong performance by the company at The Resources Roadhouse Steak Sandwich Showdown on Day One.

Flying Horse is located on an existing Mining Lease and contains a JORC Mineral Resource Estimate of 14.2 million tonnes at 0.77 per cent copper that was estimated in 2013 by the previous mine owner.

Austral completed a three-hole diamond drilling program at Flying Horse to provide fresh ore samples for a metallurgical test work program that will evaluate the suitability of Mt Kelly sulphide (chalcopyrite) mineralisation for an emerging sulphide heap leach SX-EW technology.

Assay results from drilling at Flying Horse at Mt Kelly include;

19 metres at 1.69 per cent copper from 66m downhole;

14m at 2.23 per cent copper from 122m downhole and 11m at 2.3 per cent copper from 146m downhole; and

5m at 2.06 per cent copper from 125m downhole and 7m at 1.02 per cent copper from 244m downhole and 6m at 1.65 per cent copper from 264m downhole.

“This ongoing evaluation of Flying Horse is a further step in assessing the potential to begin commercialising Austral’s 210,000 tonnes of contained copper in sulphides (26.5Mt @ 0.8% Cu) to augment the company’s current 40,000 tonnes Anthill Mine copper production from the Anthill copper oxide mine,” Austral Resources said in its ASX announcement.