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6 stories mentioning ASX:AARUpdated 22d ago

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Asia

Astral Resources Says Infill Drilling at Western Australia Deposit Validates Geological Model

Astral Resources (ASX:AAR) said the ongoing infill reverse circulation drilling program continues to validate the geological model at the Theia deposit, part of the Mandilla gold project in Western Australia, and supports the conversion of the stage one open pit inventory to the higher-confidence-level measured mineral resource category, according to a Thursday Australian bourse filing.It encountered intercepts of one meter at 11.1 grams-per-tonne grade of gold from 20 meters, three meters at 4.72 g/t grade of gold from 61 meters, and 31 meters at 3.03 g/t grade of gold from 12 meters.A total of 151 holes for 15,131 meters have been completed, and drilling is expected to continue through the remainder of the year.Its shares rose 2% in recent trading on Thursday.

ASX:AAR
Asia

Astral Resources Says Diamond Drilling at Western Australia Deposit Shows Significant Resource Growth Potential, Shares Fall 4%

Astral Resources (ASX:AAR) said diamond drilling showed significant resource growth potential beneath the Theia deposit at the Mandilla gold project in Western Australia, according to a Tuesday Australian bourse filing.It encountered hits of 52.6 meters at 1.48 grams per tonne grade of gold from 389.4 meters, 54 meters at 2.38 g/t grade of gold from 316 meters, as well as seven meters at 5.22 g/t grade of gold from 583 meters.The drilling program was further increased from the original six drill holes for 3,000 meters to 12 holes for 7,500 meters.Its shares fell 4% in recent trading on Tuesday.

ASX:AAR
Asia

Astral Resources Identifies High-Grade Gold Mineralization at Western Australia Project

Astral Resources (ASX:AAR) said it identified high-grade gold mineralization during recent drilling at its Mandilla Gold Project near Kalgoorlie, Western Australia, according to a Thursday Australian bourse filing.The results were up to 4 meters at 16.4 grams per tonne gold from 58 meters, including 1 meter at 61.3 grams per tonne gold from 58 meters.The company said the results continue to validate the current geological and mineral resource model for the Theia development, comprising broad, consistent grade intervals within laterally continuous zones of quartz-sulphide veining that dip shallowly to the southwest, with the program ongoing and expected to continue through the remainder of the year.

ASX:AAR
Asia

Astral Resources Hit Wide Mineral Zones at Western Australia Gold Project; Shares Jump 4%

Astral Resources (ASX:AAR) said the first hole of the ongoing nine-hole, 5,500-meter deep diamond drilling program, targeting extensions of the Theia deposit at the Mandilla gold project in Western Australia, encountered exceptional wide zones of mineralization, according to a Friday Australian bourse filing.It intersected gold mineralization to a depth of 614.4 meters downhole and 210 meters below the current mineral resource estimate, with a total intersection of 358.23 meters at 1.03 grams per tonne grade of gold from 256.17 meters.Its shares jumped 4% in recent trading on Friday.

ASX:AAR
Asia

Astral Resources Says Diamond Drilling Underway at Western Australia Gold Project

Astral Resources (ASX:AAR) said diamond drilling was underway at its Mandilla gold project in Western Australia, targeting depth extensions up to 200 meters below the base of the current mineral resource limits at the Theia deposit, according to a Tuesday Australian bourse filing.Two holes of a six-hole, 3,000-meter diamond drilling program were completed. Both holes were extended beyond target depth, encountering quartz veining and visible gold up to 360 meters below the base of the existing Theie open pit shell.It purchased the 21-hectare Mandilla Homestead freehold land, adjacent to the proposed project development, for a total consideration of AU$850,000. Settlement is scheduled to occur on or around Aug. 10.It received assays of nine meters at 4.38 grams-per-tonne grade of gold from 108 meters, as well as four meters at 8.31 g/t grade of gold from 97 meters from drilling at the 5B deposit within the Spargoville gold project, also in Western Australia.

ASX:AAR
Asia

Astral Resources Grows Total Gold Resource Across Western Australia Projects

Astral Resources (ASX:AAR) said its updated mineral resource estimate (MRE) at the Mandilla Gold Project in Western Australia stands at 54 million tonnes at 1 gram per tonne (g/t) gold for 1.7 million ounces of contained gold, according to a Tuesday Australian bourse filing.The company said, including the MRE at Feysville of 5 million tonnes at 1.2 g/t gold for 196,000 ounces and the MRE at Spargoville of 3 million tonnes at 1.4 g/t gold for 139,000 ounces, the consolidated Astral MRE is now estimated at 62 million tonnes at 1.1 g/t gold for 2.1 million ounces of contained gold.

ASX:AAR

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