Asra Minerals Ltd’s RC Drilling Reveals High-Grade Gold (Up to 34.74 g/t) and Expands Down-Dip Resource Potential at Leonora South Gold Project

Wednesday, July 23, 2025
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8:12 am
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Asra Minerals Ltd reveals impressive drilling success at its Leonora South Gold Project, with high-grade gold intercepts confirming extensive mineralisation. The results boost confidence in expanding resources, marking a promising step toward future growth and attractive investment opportunities in this gold-rich region.

Asra Minerals Ltd has announced highly encouraging drilling results from its recent Reverse Circulation program at the Gladstone Prospect within the Leonora South Gold Project in Western Australia. Five drill holes, including NIC014, NIC016, NIC001, NIC013, and NIC015, intersected targeted structures at depth, confirming high-grade gold mineralisation and extending known mineralisation by up to 45 metres beneath previous intercepts. Key technical intercepts include 2 metres at 18.31 g/t Au (with a notable 1 metre at 34.74 g/t Au, confirmed by a repeat assay of 40.78 g/t Au) in NIC014, as well as significant results in the other holes demonstrating averages in the 1–4 g/t range. The drilling program has provided clear evidence of coarse gold, reinforcing historical data and adding confidence to the overall resource potential at depth. The company’s technical team noted that the drilling intersected a well-defined sulphide quartz lode system that trends east-northeast, dipping steeply with auriferous shoots plunging to the south-east. This geological setting, combined with rigorous sampling methods and quality control procedures—including the use of 1 metre split samples and a 50 g Fire Assay—supports the credibility of the high-grade finds. The results not only validate previous drilling efforts dating back to 1994 but also indicate promising infill and step-out targets that could expand the resource footprint at the site. Plans are currently underway to further evaluate strike extensions identified through recent aeromagnetic surveys and mapping. Bullish sentiment centers on the breakthrough high-grade intercepts, the down-dip continuity of gold mineralisation, and the potential for resource expansion at depth, all of which bode well for the overall value and advancement of the Leonora South Gold Project. However, cautious investors may note that these results are part of an early-stage exploration program and that further drilling, detailed resource estimation, and market conditions will ultimately dictate the long-term economic viability. The news, therefore, sets a positive foundation for future exploration while emphasizing the typical uncertainties associated with early-stage mining projects.

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