Established Australian copper and gold producer and explorer Aeris Resources (ASX: AIS) today announced that the first drill hole (TAKD001) at the Anomaly K target within the Company’s 100% owned Tritton tenement package in New South Wales has intersected an 18.8 metre interval (18.8 metre estimated true width) containing disseminated and banded sulphides (predominately pyrite with lesser chalcopyrite).
Drill hole TAKD001 intersected:
An 18.8 metre zone containing disseminated and banded sulphides, including:
A 6.8 metre interval of massive pyrite bands with visible chalcopyrite.
Drill hole TAKD001 targeted an electromagnetic (EM) conductor.
Drill hole TAKD001 was designed to test a bedrock conductor initially detected via an airborne EM survey and follow-up ground Moving Loop EM (MLTEM) survey.
Based on visual logging, sulphide minerals are predominately pyrite with lesser amounts of chalcopyrite. Samples for assay will be sent to the laboratory following completion of logging and results are expected 3 to 4 weeks thereafter. A Down Hole EM (DHEM) survey will commence after the completion of TAKD001 and a follow-up drill hole is then planned.
Aeris’ Executive Chairman, Andre Labuschagne, said: “This is potentially an exciting discovery for Aeris. Whilst it is still early days, we are very encouraged that the first drill hole into Anomaly K has intersected mineralisation in the target zone. We anticipate receiving the assay results early in the new year. The site exploration team have now started planning follow-up drilling.”
“The discovery of a thick sulphide interval at Anomaly K is consistent with Aeris’ view that there remains significant potential within the Tritton tenement package for the discovery of additional mineralised systems beyond the current known deposits.”