ASX-listed Asra Minerals has delivered a solid 23 per cent lift to its precious metal inventory at its multi-deposit Mt Stirling project in Western Australia. The total updated mineral resource estimate at the operation has risen to 152,000 gold ounces from a previously tabled figure of 118,384.
One of the deposits included in the update, MS Viserion, saw its resources swell 34 per cent for 2.55 million tonnes going 1.7 grams per tonne gold for 137,000 ounces. The new figure takes in both an indicated and inferred tonnage and was based on drill density, geological interpretation, grade extensions and economic factors associated to open pit mining at the deposit.
The other deposit included in the update, Stirling Well boasts a 198,000 tonne inventory grading 2.3 grams per tonne gold for 15,000 ounces. Stirling Well’s precious metal catalogue is solely reliant on resources based in the inferred category.
The company says additional drilling at Stirling Well could elevate its resources into the higher confidence indicated category – an activity which management believes could be readily achieved given the flat lying geometry of the mineralisation.
The mineral resource estimate was helmed by Kalgoorlie-based BM Geological Services and included five diamond and 178 RC holes with the company using drilling data from the probe to sculpt a 3D model of the project’s mineralisation.
Asra sees the recently bolstered statistics as another key step in realising value from its flagship’s acreage.
Asra Minerals' Executive Chairman Paul Summers said:“We have an expanding pipeline of additional gold targets requiring testing, including key extensions of Stirling Well, Skywing shallow oxide, Estera high grade extensions and Tyrannus plus the high-grade historical mines of Diorite King and Little Wonder,”
Perth-based Asra now plans to continue exploration across Mt Stirling in an effort to increase the project’s resources even further.
The company formally operated under the banner of Torian Resources. That all changed when the explorer discovered cobalt, scandium and rare earths mineralisation at Mt Stirling - paving the way for the prominent gold player to shed its skin and emerge as a rising player in the critical minerals space.
The company recently bolstered its tenure at the multi-commodity project, amassing an additional 2456 hectares of highly prospective real estate in the epicentre of WA’s eastern Goldfields region. The acquisition added over half a dozen new tenements to its roster and provides a suite of exploration upside to a project that has already seen its fair share of success.
With an updated gold resource, a raft of in-vogue commodities to chase and a significant piece of ground in a highly prospective region Asra could be set for a busy end to the year.
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