Askari Metals (ASX:AS2) has today announced the growth of its Burracoppin gold project at the Benbur prospect, with auger drilling returning evidence of gold in surface samples.
The auger drill campaign has handed Askari’s geotech team the ability to map mineralisation along a 4km strike length on-site with a number of untested drill targets now in line for Phase IV RC drilling.
Worth noting is that Askari expects to receive assay data by this time next month from its latest Phase III RC drill run at Burracoppin which wound up in late June.
Protracted delays at assay laboratories across WA are currently delaying the best laid plans of junior explorers sector-wide.
Gold concentrations reported today are broken down into parts per billion and reflect non-commercial quantities of gold. However, its presence at shallow surface could indicate known mineralisation extends further underground than previously thought.
This is clearly what Askari is banking on, with a number of untested targets slated for the drillhead when the fourth RC campaign kicks off.
Should the Phase III assay data prove promising, management notes there is potential for another increase in the total estimated gold yield of the project, on top of that awarded by fresh data from Benbur.
“Excitingly, the results also add weight to and even upgrade an interpreted mineralised area east of Benbur over an area that has never been explored in detail,” Askar’s VP of exploration and geology Johan Lambrechts said.
“The Phase III RC drilling program tested this area with maiden drilling which may add another mineralised zone to the Burracoppin project…[we] eagerly await the assay results from the third phase drilling.”
Those assay results could be substantial: in late June, the company sent off nearly 4km worth of core for analysis.
In the background, Askari continues to proceed with drilling at its Pilbara-based Yarrie lithium project, having recently identified five exploration targets.
The Archer project boasts a resource of 10.5Mt @ 1% lithium (Li2O).
Meanwhile, Askari also recently had success at its WA ‘Horry’ copper-gold project, where geotechs retrieved thirty one gold nuggets. Drilling at Horry starts later this month.
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