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Anglo Australian Resources (ASX:AAR) - Managing Director, Marc Ducler (right)
Managing Director, Marc Ducler (right)
Source: Business News
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  • Anglo Australian Resources (AAR) has received assay results from a further 34 holes, drilled at its Mandilla Gold Project south of Kalgoorlie in Western Australia
  • At Mandilla East, new results included an intercept of 18 metres at 4.74g/t gold, while at Mandilla South, drilling intercepted 21 metres at 1.07g/t gold
  • Drilling is continuing on-site, testing Mandilla East at depth and defining a zone of mineralisation potentially linking the prospect to Msndilla South
  • The company expects to deliver its maiden mineral resource estimate for Mandilla in May
  • Shares last traded at 10.5 cents

Anglo Australian Resources (AAR) has received assay results from a further 34 holes, drilled at its Mandilla Gold Project.

The company fully-owned project is located in the Widgiemooltha greenstone belt, around 70 kilometres south of Kalgoorlie in Western Australia.

At Mandilla East, new results included an intercept of 18 metres at 4.74g/t gold from 54 metres in hole MDRC351 and 29 metres at 1.81g/t from 105 metres in hole MDRC357.

At Mandilla South, drilling intercepted 21 metres at 1.07g/t gold from 57 metres in MDRC318 and in MDRC307, on top of 10 metres at 1.89g/t gold from 108 metres.

The company is waiting on further results and pushing ahead with drilling as Managing Director Marc Dulcer explained.

“We’ve maintained a frenetic pace on-site since drilling commenced last September, with over 25,000 metres of RC drilling completed, results now received for 96 holes, and a further 80 holes currently at the assay laboratory awaiting processing. Drilling is continuing around the clock, with both an RC and diamond rig onsite drilling as we speak.”

The company is working to deliver its maiden mineral resource estimate for Mandilla in May.

“As we move towards the completion of a maiden Mineral Resource Estimate for Mandilla, today’s in-fill drilling results provide further confidence in the scale and grade of the near-surface mineralisation located in the northern extent of Mandilla East,” he added.

“Consistent with earlier results from this area, these latest results show significant high-grade zones within a large, lower-grade mineralised envelope,” he added.

Drilling continues on site, testing Mandilla East at depth and defining a zone of mineralisation potentially linking the prospect to Mandilla South.

Shares last traded at 10.5 cents at 10:35 am AEDT.

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