#MandillaGoldProject

[colitco]

🚀 Astral Resources (ASX: AAR) Reports Best-Ever Drill Result at Theia Deposit, Mandilla Gold Project 🏆

📍 Diamond drill hole MDRCD918 has delivered an outstanding 1,079 gram-metres of gold, the most mineralised hole ever drilled at Mandilla, highlighting significant resource upgrade potential ahead of the Mandilla Resource Estimate update expected in Q1 2025.

🔑 Key Highlights:

Exceptional results from MDRCD918:

1.0m @ 223.3g/t Au from 15m

9.6m @ 27.6g/t Au from 194m, including 0.95m @ 227.6g/t Au

2.4m @ 169.1g/t Au from 225m

24.9m @ 4.14g/t Au from 362m, including 1.0m @ 60.6g/t Au

MDRCD917 highlights:

72.2m @ 1.15g/t Au from 326m

2.2m @ 15.4g/t Au from 317.6m

🌟 These results support the goal of upgrading deeper Inferred Mineral Resources to the higher-confidence Indicated category, paving the way for the upcoming Pre-Feasibility Study.

🔍 Exploration Updates:

Feysville Gold Project: RC and diamond drilling underway to test new targets and improve understanding of high-grade mineralisation.

Air core drilling of 6.3 line kilometres has commenced, exploring structural targets at Feysville.

💬 Managing Director Marc Ducler:

“Drill hole MDRCD918 represents a landmark result for Mandilla, with its gram-metres accumulation exceeding all previous results. These latest assays demonstrate the robustness of our resource model and position us well for the Pre-Feasibility Study."

🌍 Mandilla and Feysville are located near Kalgoorlie, WA – a hub for Australian gold exploration.

📈 Investor Outlook:

The exceptional results from the in-fill diamond drilling at the Theia Deposit, highlighted by record-breaking gold mineralisation, underscore significant resource potential at Astral’s Mandilla Gold Project. With multiple high-grade intersections aligning strongly with the current Mineral Resource Estimate (MRE), these findings are expected to upgrade Inferred Resources to Indicated status, increasing project confidence and investment appeal.

With gold prices up by an astounding 26% since the start of the previous year and widely predicted to trade above $3,000 per troy ounce over the next five years, the precious metal continues to be a beacon of stability for investors. This milestone positions Astral to capitalize on the strong market outlook, further enhancing the project's economic viability and long-term investor returns.

Share Price of AAR: $0.145

Read More - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02906075-6A1248315

Disclaimer: This is not investment advice. Please do your own research for any investment decisions.