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Mining industry

Asra Minerals Completes RC Drilling Program at Challenge Prospect

Strategic Insights

— 1 min read

Asra Minerals Limited has completed its Reverse Circulation (RC) drilling program at the Challenge Prospect, a part of the Leonora South Gold Project in Western Australia. The program, which aimed to further define and extend known mineralisation within the Eclipse and Challenge prospects, consisted of 23 RC holes, totaling 1,362 meters. Asra's Managing Director, Paul Stephen, expressed satisfaction with the progress made, emphasizing the potential of the area and the importance of understanding the broader geology. All samples from the program have been delivered for assaying, and Asra will provide updates as assay results become available.

Key Takeaways:

  • The RC drilling program at Challenge Prospect comprised 23 holes, totaling 1,362 meters, with a daily average of approximately 300 meters per day.
  • The program aimed to further define and extend known mineralisation within the Eclipse and Challenge prospects.
  • Both Challenge and Eclipse are largely undertested, with significant potential for growth and consolidation.
  • Asra Minerals' Leonora Gold Project comprises two key project areas: Leonora North (Mt Stirling) and Leonora South (Kookynie), both within the Eastern Goldfields of Western Australia.
  • Leonora South includes eight semi-contiguous mining licenses covering 549 km2 and a JORC 2012 Mineral Resource Estimate of 48,000 oz at 2.2g/t Au at the Orion-Sapphire Deposit.
  • Recent drilling has shown mineralisation extending approximately 30 meters below previous intercepts, confirming gold grades at depth.
  • Asra plans to expand resource estimates at Orion and Sapphire beyond the historical drilling limits of 100-150 meters below the surface.

Statistics:

  • 23 RC holes drilled at Challenge Prospect, totaling 1,362 meters.
  • Average daily rate of approximately 300 meters per day.
  • 40 holes, totaling 3,432 meters, drilled in total, including drilling at Eclipse.
  • 549 km2 covered by eight semi-contiguous mining licenses at Leonora South (Kookynie).
  • 48,000 oz at 2.2g/t Au: JORC 2012 Mineral Resource Estimate of the Orion-Sapphire Deposit.
  • 30 meters: extent of mineralisation below previous intercepts at Leonora South.
  • 100-150 meters: historical drilling limits below the surface at the Orion-Sapphire Deposit.

Sources:

  • Asra Minerals Limited (ASX: ASR) - News release
  • Company website: Asra Minerals (www.asraminerals.com)
  • Geological report on the Mt Stirling Viserion and Stirling Well gold deposits (Excerpt)
  • JORC 2012 Mineral Resource Estimate of the Orion-Sapphire Deposit.

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