The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Mineral resource company Astro Resources (ARO) has completed its field mapping at its Needles Property in Nevada, U.S.
  • The mapping is just one segment of its exploration program at the project
  • A U.S. geologist spent ten days in the field locating historic mine and prospecting sites, mapping geological structures, sampling outcrops and locating previous works
  • The report on what the geologist found and assays of the surface samples collected will be announced once it becomes available
  • On the market today, Astro is down 20 per cent and is trading for 0.8 cents per share

Mineral resource company Astro Resources (ARO) has completed field mapping at its Needles Property in Nevada, U.S.

The mapping is a segment of its exploration program at the project. A U.S. geologist spent ten days in the field locating historic mine and prospecting sites, mapping geological structures, sampling outcrops and locating previous works.

The report on what the geologist found and assays of the surface samples collected will be announced once it becomes available.

However, the U.S. geologist has provided some information on what was found which includes numerous historic prospects and mineralised outcrops being sampled, with a total of 97 samples collected for gold and multi-element assay.

Historic prospects and a shaft were found in the undrilled area to the west of the Arrowhead Mine, which is Astro’s current focus on the exploration program.

“Alteration and weathered sulphide (limonite) has been identified in the numerous geological structures that have been mapped, with structural zones up to 10 metres wide,” the company said.

“Astro is encouraged by the preliminary information from the mapping program,” it added.

On the market today, Astro is down 20 per cent and is trading for 0.8 cents per share at 2:31 pm AEST.

ARO by the numbers
More From The Market Online

Godolphin snaps up REE-prospective Narraburra in NSW

Godolphin Resources Ltd has taken complete control of the Narraburra rare earths project in New South…
Barton adds $3M to its piggy bank for SA exploration

Historical grades above 56g/t excite Metalicity ahead of gold drilling

Metalicity Ltd (ASX: MCT) is preparing to kick off drilling at West Australian gold play Yundamindra…

Mt Gibson ore reserve leaps 26%, boosting feasibility expectations for Capricorn

Capricorn Metals has increased the ore reserve estimate at its Mt Gibson Gold Project by 26…

Battery Age aims to build geological knowledge at Ontario lithium play

Battery Age Minerals hopes to build on the exploration at Canadian lithium play, Falcon Lake -…