ASR asra minerals limited

Ann: DAU: MAJOR DRILLING PROGRAM AT FLAGSHIP ZULEIKA GOLD PROJ, page-2

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    DAMPIER TO EMBARK ON MAJOR DRILLING PROGRAM
    AT THE FLAGSHIP ZULEIKA GOLD PROJECT
    5,500m drill program to commence in July 2020 with the aim of rapidly defining JORC compliant resources
    _______________________________________________________________________________
    Key Points:
    • The highly anticipated maiden drilling program at Zuleika Gold Project, will start in July
    focusing on strategic exploration targets at Paradigm East and testing highly prospective zones
    at Browns Dam and Castle Hill East.
    • Dampier has identified the Paradigm East prospect as the highest priority target within the
    granted tenements of the Zuleika package. Previous results include 7m @ 9.8 g/t Au including
    2m @30.9 g/t Au. There are several strong intercepts over a 250m strike length and the zone is
    open in most directions.
    • The program is designed to extend our knowledge of the mineralisation system with the aim of
    defining JORC compliant resources:
    • Priority 1 (Reverse Circulation) – Paradigm East, 1500m RC drilling program
    designed to test the structural controls on the mineralisation as well as extend the
    mineralised zones with the objective of defining mineral resources in this area.
    • Priority 2 (Aircore) – Browns Dam, 2500m Aircore drilling program is along two
    kilometre strike to test a zone of highly prospective stratigraphy on the Zuleika Shear.
    • Priority 3 (Aircore) – Castle Hill East, 1500m Aircore drilling program is designed
    to target an extensive +100ppb Au anomaly over 500m of strike defined from shallow
    drilling through a laterite. Gold up to 1010 ppb was returned and bedrock drilling will
    test the source of this impressive anomaly.
    • The program will take 4 to 6 weeks and is expected to generate strong news-flow over the
    coming weeks.
    • The program will be funded by a recently completed and strongly supported $1 million capital
    raising
 
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