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Asra Minerals Limited ( (AU:ASR) ) has provided an announcement.
Asra Minerals Limited has announced a new phase of exploration at its Leonora South Gold Project, located in the historic Kookynie mining center in Western Australia. The company plans to conduct a 3,000-meter reverse-circulation drilling program at the Challenge and Eclipse prospects, which are situated near the existing Sapphire deposit. This program aims to confirm the grade and continuity of historic mineralization and enhance the geological understanding of these targets. The drilling is set to begin in mid-July and is expected to be completed by August, with assay results anticipated by September. This initiative follows previous drilling activities at the Orion, Sapphire, and Gladstone prospects, with Asra awaiting analysis results from those samples. The company’s Managing Director, Paul Stephen, expressed optimism about the potential to advance understanding of the broader system and unlock further value across the Leonora Gold Project.
More about Asra Minerals Limited
Asra Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and developing mineral resources, with a particular emphasis on gold projects in Western Australia.
Current Market Cap: A$8M
Learn more about ASR stock on TipRanks’ Stock Analysis page.