Askari (ASX:AS2) sets Burracoppin target up to 323k ounces in WA Wheatbelt

Askari (ASX:AS2) sets Burracoppin target up to 323k ounces in WA Wheatbelt

July 4, 2024 Off By Jack Baker

Askari Metals has defined an exploration target for up to 323,000 additional golden ounces at its Burracoppin gold project in the Western Australian Wheatbelt.

The target ranges from 8.212 million tonnes to 11.121Mt at between 0.67 grams per tonne and 0.91g/t for a minimum of 176,000 to add to its current 64,000-ounce collection at Burracoppin.

The project sits 15 kilometres westward of the Ramelius Resources (ASX:RMS) 31Mt at 1.0g/t 990,000-ounce Edna May mine and is easily accessible from the Great Eastern Highway.

It has been a minute since Askari last drilled at the historical site, but it sees the potential to add up ounces from depth and strike extensions and more mineralisation defined along similar geological contacts across several prospects.

Askari Metals Managing Director Gino D’Anna said the exploration target underpins the significant upside existing at the project.

“The Burracoppin Gold Project continues to develop into a significant and advanced gold exploration project in the enviable mining jurisdiction of Western Australia, close to the producing Edna May Gold Mine.

“We recently delivered an inaugural JORC (2012) MRE at Burracoppin of ~65,000 ounces of contained gold at a grade of 1.52 g/t Au, using a 0.85 g/t Au cut-off grade.

“The achievement of these critical milestones demonstrates the pathway at Burracoppin and supports its continued exploration and development.”

D’Anna noted that exploration and RC drilling following up on historic exploration in 2021 returned several high-grade shallow intersections up to the tenor of 3m @ 17.41 g/t Au from 73m downhole.

“Significant exploration potential and resource expansion upside remains at Burracoppin offering further discovery and resource growth potential,” he said.

He mentioned that Askari has received a significant uptick in inbound investor and strategic interest for Burracoppin with a record gold price and notable mineralised intersections found through the drill.

The exploration target is non-inclusive of additional target areas needing more exploration, but Askari believes in significant remaining discovery potential for laterite mineralisation at surface and steeply dipping high-grade greenstone deposits.

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