ASR asra minerals limited

Ann: Assays of 46 g/t Au Confirm Credo Well High Grade Potential, page-2

  1. 187 Posts.
    lightbulb Created with Sketch. 25
    I read this as 3 big hits from 8 holes, they are pretty shallow too. Fantastic news imo. Well done to holders.

    Highlights from announcement:

    Assay results received from recent RC drilling at the Credo Well Project.
     8 holes drilled for a total of 694 metres.
     Highlights from the Main Zone of mineralisation include:
    o 3m @ 15.8g/t Au from 48m, including;
     2m @ 23.5 g/t Au from 48m;
     1m @ 46 g/t Au from 47m; and
    o 4m @ 3.1g/t Au from 47m, including;
     2m @ 5.9 g/t Au from 47m
     Historical intersections1
    from Credo Well as previously reported by Torian include:
    o 3m @ 16.46g/t Au from 54m (main vein);
    o 1m @ 58.80g/t Au from 1m (main vein);
    o 5m @ 7.42g/t Au from 39 (hanging wall vein);
    o 8m @ 10.47g/t Au from 61m (main vein);
     Credo Well will be explored under the recently announced earn‐in arrangement with
    Dampier Gold (ASX: DAU) spending $500,000 over 4 years to earn a 50% interest.
     Planned follow‐up work includes geophysical targeting and geological studies prior to
    further RC and diamond drilling.
 
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