USD $4,165.18
Goldman Follow-Up on High-Grade Epithermal Gold Veining at Ayres Rock Prospect
Australasian Metals Limited (ASX: A8G) has announced the identification of additional drill targets at the Ayres Rock Prospect, part of the Capella Gold Project in Central Queensland. These targets are based on high-grade epithermal gold veining identified in previous drilling.
Key drill intersections include:
- CAR036: 26m at 3.88 g/t Au from 45m, including 2m at 33.4 g/t Au from 50m, and 3m at 3.89 g/t Au from 59m, with 1m at 9.75 g/t Au from 78m.
- ARC009: 32m at 3.8 g/t Au from 22m, including 2m at 32.8 g/t Au from 22m, and 2m at 18.9 g/t Au from 50m.
These findings suggest potential high-grade plunging shoots, supported by resource block model data and alteration zonation.
Dr Qingtao Zeng, A8G Managing Director, commented:
A8G has defined a maiden Inferred Resources of 63,600 oz at 1.13 g/t from Ayres Rock and Retro Extended deposits (ASX announcement 11 April 2023). Given the recent surging gold price, we are very pleased that this structure and alteration study has identified potential plunging high-grade shoots worthy of drill testing at depth.
