Market Herald logo


Be the first with the news that moves the market
  • Astro Resources has advised its percussion drilling program at its Needles Project is well underway, with five out of 11 holes completed so far
  • Astro experienced setbacks and had to delay the program from July to September
  • Drilling is testing a number of coincident geochemical and geophysical targets
  • Needles shows some similarities to the multi-million ounce producing Round Mountain mine

Astro Resources has advised its 11-hole percussion drilling program at its Needles Project is well underway, with five holes completed so far.

The program was first announced to commence in July 2019 and results to follow in August. However, Astro experienced some delays in relation to rig availability and all targeted drill holes having encountered water at shallow depths.

The drilling program is part of a broader exploration strategy for the Needles Project.

Exploration in 2018 identified compelling targets comparable to low sulphidation epithermal gold-silver style deposits, like the multi-million ounce Round Mountain mine.

The Round Mountain mine produced more than 13.2 million ounces of gold and 11 million ounces of silver since 1907.

First discovered in 1919, Needles consists of 104 unpatented mining lode claims located in the Arrowhead Mining District in Nye County, Nevada.

Needles has seen sporadic exploration over the past 30 years which focused in and around the previously mined high-grade gold-silver veins. With historic focus being predominantly on the veins, a larger bulk tonnage target went largely unnoticed.

The current drilling program is testing a number of coincident geochemical and geophysical targets.

Currently, six holes are still to be drilled which will take place within the next two weeks.

Samples from the first three holes have been sent to ALS Laboratories, with results expected shortly.

Samples for the other two holes are being collected on five-foot intervals and submitted to ALS.

ARO by the numbers
More From The Market Herald

" Rincon Resources (ASX:RCR) receives final results from Hasties

Rincon Resources (RCR) has received assay results for the final 12 holes from its maiden reverse circulation (RC) drilling program at the Hasties
The Market Herald Video

" R3D Resources’ (ASX:R3D) drilling program nears completion

R3D Resources (R3D) is progressing its 1600-metre drilling program on the Tartana mining leases in Queensland.

" Auric Mining (ASX:AWJ) defines new gold zone at Guest prospect

Auric Mining (AWJ) has identified a new zone of gold at the Guest prospect located within the Widgiemooltha area of Western Australia
Resources and Energy Group (ASX:REZ) -

" Resources & Energy Group (ASX:REZ) starts toll milling campaign

Resources & Energy Group (REZ) has commenced a toll milling campaign for Granny Venn Open Cut Gold Mine in Western Australia.