Reverse circulation drilling at the Mandilla Gold Project. Source: Astral Resources
The Market Online - At The Bell

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

  • Anglo Australian Resources (AAR) receives results from diamond drilling at its Mandilla Gold Project in Western Australia
  • Results include broad sections of mineralisation as well as high grades of up to 28.03 grams of gold per tonne (g/t) and 44.5g/t gold
  • AAR has completed 8433 metres of reverse circulation drilling since work recommenced in August and the next batch of results are expected in early October when diamond drilling resumes
  • Company shares ended the day 1.22 per cent in the green to close at 8.3 cents

Anglo Australian Resources (AAR) has received results from diamond drilling at its Mandilla Gold Project in Western Australia.

These latest results come from 11 holes drilled as part of a diamond and reverse circulation (RC) drilling program completed in the first quarter of the year.

Best results include 1.4 metres at 28.03 grams of gold per tonne (g/t) from 165 metres including 0.7 metres at 44.5g/t gold, 37.33 metres at 0.76g/t gold from 250.17 metres, 10.05 metres at 1.75g/t gold from 195.5 metres and 9.85 metres at 1.33g/t gold from 169.5 metres.

The company believes the broad sections of mineralisation demonstrate the potential to extend mineralisation at Mandilla East by a further 120 metres to the southeast.

Managing Director Marc Duclr was pleased with the results, claiming the recent holes revealed multiple important developments.

“Firstly, they have shown that high-grade gold associated with quartz veining at Mandilla East extends further to the east, as demonstrated by the very high-grade 44g/t intercept,” he said.

“Secondly Mandilla East is continuing to extend to the southeast as demonstrated by holes MDRC342 and MDRCD250. Finally, mineralisation at Mandilla South appears to have a higher-grade core associated with the sediment/intrusive contact.”

Since drilling recommenced in August, AAR has completed 8433 metres of RC drilling. The next batch of results are expected in early October when diamond drilling resumes.

Company shares ended the day 1.22 per cent in the green to close at 8.3 cents.

AAR by the numbers
More From The Market Online

Sierra Rutile rejects takeover bid from PRM Services again

Sierra Rutile has urged its shareholders for a second time to reject a takeover offer from…

Terra Uranium picks up prime 15M-pound deposit in Canada

Terra Uranium has bolstered its Canadian portfolio by acquiring the Amer Lake deposit in Nunavut, which…
The Market Online Video

Lithium Universe locks in shipping port location for lithium spodumene imports

Lithium Universe (ASX:LU7) has locked in a maritime port through which it can receive shipments of…

AIC raises ore reserve estimates by 86% copper and gold at QLD’s Jericho

AIC Mines has updated its ore reserve estimate at the Jericho deposit in north Queensland showing…