Business · Energy & Commodities · 5 hrs ago

Astral reports record gold assay at Theia deposit near Kalgoorlie

Astral reports record gold assay at Theia deposit near Kalgoorlie

Astral Resources found a record gold grade in drilling at its Theia deposit near Kalgoorlie, Western Australia.

The standout result was a narrow 0.34-metre section grading 1,146.3 grams of gold per tonne, within a wider 31-metre interval.

Theia is part of Astral’s Mandilla project, and the deposit already holds about 1.4 million ounces of the project’s 1.74 million-ounce resource.

Drilling also found gold below the current open-pit resource shell, suggesting there may be more mineralisation at depth.

Astral has expanded its deep drilling to 25 holes and is aiming for spacing that could support a future estimate of inferred resources.

The company is also drilling to refine plans for the early open pit, ahead of a definitive feasibility study for Mandilla.

Assays from two more deep holes are pending, and the deep drilling program is expected to resume in January.

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Marc DuclerAstral Resources managing director
The Theia Deeps drill program has delivered some exceptionally high-grade individual assays along with broad zones of gold mineralisation, reinforcing the significant endowment of the Theia mineral system and the potential to grow the current Resource
via Stockhead
The focus of the Theia Deeps program has switched to in-fill within the main gold mineralisation ore shoot
via Stockhead