Join our daily newsletter At The Bell to receive exclusive market insights
- Askari Metals (AS2) strikes high-grade gold at the Horry copper and gold project in the Kimberley region of Western Australia
- The company receives the results from a gold loaming and stream sediment sampling campaign, which involved panning creeks at the project for gold, metal detecting, and collecting rock samples
- Stream sediment results included up to 31.9 grams of gold per tonne (g/t), with rock samples returning 3.82 g/t gold and 2.03 per cent copper, while 31 gold nuggets were uncovered across twenty sites
- The company has now scheduled a maiden reverse circulation drilling campaign at the project for the end of August
- Askari Metals last traded at 30.5 cents on August 3
Askari Metals (AS2) has struck high-grade gold at the Horry copper and gold project in the Kimberley region of Western Australia.
The company received the results from a detailed gold loaming and stream sediment sampling campaign at the project.
The campaign consisted of panning creeks and tributaries at the project for gold, metal detecting, and collecting rock samples to investigate in-situ gold tenor.
Stream sediment results from the Leo, Mt Drockrell South and Martins Find targets included up to 31.9 grams of gold per tonne (g/t), with rock sample results including 3.82 g/t gold and 2.03 per cent copper.
Visible panned gold was also sighted, with 31 gold nuggets uncovered across twenty sites during the campaign.
Askari said the gold loaming campaign results validated its metal detector findings and revealed several high-grade areas which had not previously been tested. The company suggested these could indicate that the sub-surface gold tenor may not be purely confined to one area.
Company VP Geology and Exploration Johan Lambrechts said the company was looking forward to testing the areas indicated as being prospective for gold and copper at the end of August during its first-ever drilling campaign at the Horry project.
“The gold loaming campaign has identified areas of high-grade gold mineralisation in zones which were previously untested and demonstrated the significant exploration upside at this project,” Johan Lambrechts said.
The company has now wrapped up a soil sampling campaign over the gold-rich targets, with assays still pending.
Meanwhile, Aksari has booked in a reverse circulation drilling campaign for the end of August.
Askari Metals last traded at 30.5 cents on August 3.
