GoldArc Confirms New Blind Gold System at Leonora South With High-Grade Drilling

An update from Asra Minerals Limited ( (AU:GA8) ) is now available.

GoldArc Resources has reported high-grade one-metre assay results from a maiden aircore drilling campaign at the Whistler prospect within its Leonora South Gold Project, confirming a new near-surface gold-mineralised system beneath cover. Multiple mineralised zones were intersected, including an open-ended eastern zone associated with a magnetic low, providing evidence of potentially unrecognised gold mineralisation across the project area.

The company plans immediate follow-up aircore drilling at Whistler and is mobilising a ~6,500-metre reverse-circulation program across several nearby deposits, alongside an ongoing 34,000-metre grade-control program at Mt Stirling. This stepped-up drilling activity underscores GoldArc’s strategy to rapidly delineate resources and may enhance its project pipeline and growth prospects in the Leonora gold camp if further work converts these intercepts into economic mineralisation.

The most recent analyst rating on (AU:GA8) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Asra Minerals Limited stock, see the AU:GA8 Stock Forecast page.

More about Asra Minerals Limited

GoldArc Resources Limited is an Australian gold exploration company focused on advancing its Leonora South Gold Project in Western Australia, including prospects such as Whistler and deposits like Orion, Sapphire, Eclipse, Euroa and Mt Stirling. The company targets underexplored tenements with modern drilling to define near-surface and potentially significant blind gold mineralisation in a highly prospective gold district.

Average Trading Volume: 1,639,752

Technical Sentiment Signal: Sell

Current Market Cap: A$37.21M

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