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Asra Minerals Announces Multiple High Priority Gold Targets Have Been Identified at Mt Stirling

Highlights

  • 2,400 m air-core and 1,310 m reverse circulation drilling program completed on gold in soil and geophysical targets in the Diorite East Prospect of Mt Stirling located within 5 km of Vault Minerals Ltd +6 Moz King of the Hills (KOTH) Gold Mine
  • The drill program successfully confirmed the presence of gold mineralization in the bedrock and prioritized targets to be tested in a larger RC drill program
  • Significant drilling intersections of shallow gold mineralization in the Diorite East Prospect include:
    • 4 m @ 1.69 g/t Au from 12 m in air-core drill hole TAA049
    • 4 m @ 1.68 g/t Au from 8 m in air-core drill hole TAA042 o 4 m @ 0.64 g/t Au from 28 m in air-core drill hole TAA040
    • 1 m at 1.72 g/t Au from 31 in air-core drill hole TAA012
  • In addition, several strong, untested gold in soil anomalies have been identified at Yttria and Mt Stirling Viserion in vacuum drilling with a maximum grade of 1219 ppb Au (1.2 g/t Au)
  • Follow-up RC drill planning underway to test high-priority anomalies identified through AC and vacuum drilling

Asra Minerals Limited (“Asra”) is pleased to announce an exploration update for the Mt Stirling Gold Project (Mt Stirling). Significant gold grades were returned from the air core (AC) and reverse circulation (RC) drilling on the Diorite East surface geochemical and geophysical targets identified as high priority during the Mt Stirling Project exploration target ranking stage.

Highly anomalous gold in soil assays have been returned from assaying of the 2021-2022 vacuum drilling carried out in the vicinity of Mt Stirling and Yttria.

Asra’s Executive Chairman, Paul Summers commented:

The air core drilling program was designed to identify mineralized structures in the East Diorites tenements, and we have successfully achieved this goal. We will follow up on the best intersection with RC drill holes to discover new economic mineralization in this area."

A fantastic result from gold analyses of the top two meters of the vacuum drilling completed in 2021 to 2022. We will review the most anomalous gold in vacuum soils and prioritize for drill testing.”

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