Stockhead Investor: Astral’s Theia gold confidence keeps getting stronger with drilling

High-grade assays from the first 47 infill holes at Astral Resources’ Mandilla gold project near Kalgoorlie are increasing confidence in the Theia deposit and de-risking early mine development.

Best results from the first batch of assays are:

4m grading 16.4g/t gold from 58m including 1m at 61.3g/t from 58m (AMRC303)

10m at 5.13g/t gold from 37m including 1m at 41.8g/t from 40m (AMRC320)

9m at 5.14g/t gold from 77m including 1m at 39g/t from 78m (AMRC297); and

2m at 22g/t gold from 44m including 1m at 43.5g/t from 44m (AMRC324).

While drilling is ongoing, the results received to date are already fulfilling the objectives of the infill program, supporting the conversion of Stage 1 open pit resources at the Theia deposit into the high confidence measured category.

It also validates the current geological and resource models for Theia, which outline broad, consistent grade intervals within laterally continuous zones of quartz-sulphide veining that dips shallowly to the southwest.

This in turn de-risks the early years of Astral Resources’ (ASX:AAR) proposed mine development at Mandilla.

Full article: https://stockhead.com.au/resources/astrals-theia-gold-confidence-keeps-getting-stronger-with-drilling/