Asra Minerals Uncovers High-Grade Gold Depth Extensions at Gladstone

Strong Confirmation of Gold at Depth

Asra Minerals Ltd (ASX – ASR) has announced compelling assay results from its recent reverse circulation (RC) drilling campaign at the Gladstone prospect, part of the Leonora South Gold Project in Western Australia. The five drill holes successfully intersected targeted mineralised structures, revealing high-grade gold zones that extend mineralisation up to 45 metres deeper than previously recorded.

Among the standout results, drill hole NIC014 returned an impressive 2 metres at 18.31 grams per tonne (g/t) gold from 60 metres, including a 1 metre interval grading 34.74 g/t gold. Other holes confirmed consistent mineralisation with intercepts such as 1 metre at 4.13 g/t and 3 metres at 2.01 g/t gold, underscoring the continuity and richness of the deposit.

Validating Historical Data and Geological Models

The recent drilling not only confirms new high-grade zones but also validates historical drilling data from the 1990s, which had indicated the presence of coarse gold, a hallmark of high-grade systems. This validation strengthens confidence in the existing resource models and supports the geological interpretation of the Gladstone sulphide quartz lode, which extends over approximately 600 metres.

Asra’s Managing Director, Paul Stephen, highlighted the significance of these results, noting that the consistent high-grade intercepts provide valuable insights and reinforce the company’s commitment to advancing exploration at Leonora South. The drilling program was designed to fill gaps in previous coverage and test down-dip extensions, both of which have yielded encouraging outcomes.

Strategic Positioning in a Prolific Gold District

The Leonora South Gold Project sits within the prolific Eastern Goldfields region, known for multi-million-ounce gold deposits and active mining operations. Asra’s holdings include multiple granted mining and exploration licenses covering a substantial land area, with no known impediments to ongoing exploration. The Gladstone prospect’s mineralisation is hosted within a structurally controlled quartz vein system, dipping steeply and exhibiting brittle characteristics, which bodes well for resource continuity and mining potential.

Looking ahead, Asra plans to expand drilling to test strike extensions identified through recent aeromagnetic surveys and mapping, as well as further depth extensions. These efforts aim to grow the resource base beyond current limits and enhance the project’s value proposition.

Implications for Asra Minerals and Investors

While these results do not yet translate into updated resource estimates or production targets, they represent a critical step in de-risking and expanding the Leonora South asset. The confirmation of high-grade gold at depth could materially improve the project’s economics and attract further investment. Asra’s methodical approach to validating historical data and strategically targeting resource extensions positions the company well within a competitive gold exploration landscape.