Aeris Resources (ASX: AIS) has released further positive results from recent drilling completed at its Kurrajong prospect. The six-hole campaign is part of a broader regional exploration strategy targeting larger deposits at the company’s producing Tritton copper operations in NSW. The Kurrajong high grade massive sulphide mineralisation system has now been traced up to 800m down plunge. The results have far exceeded the company’s expectations.
- High grade mineralisation extended 800m down-plunge
- TKJD017 17.0m @ 2.59% Cu, 0.30g/t Au, 7g/t Ag
including 5.0m @ 6.09% Cu, 0.83g/t Au, 20g/t Ag
- TKJD019 4m massive sulphides with visible chalcopyrite (assays pending)
Established Australian copper producer, Aeris Resources Limited (ASX: AIS) is pleased to announce further outstanding results from recent drilling completed at its Kurrajong prospect (Kurrajong). The initial six hole campaign is part of a broader regional exploration strategy targeting larger (10Mt+) deposits at Aeris’ Tritton Copper Operations in New South Wales.
The Kurrajong high grade massive sulphide mineralisation system has now been traced up to 800m down-plunge. The deepest drillhole completed to date, TKJD017 intersected high grade mineralisation (17.0m @ 2.59% Cu) 130m down-plunge from TKJD014 (19.4m @ 2.18% Cu), indicating the mineralised system is not abating at depth and may in fact be increasing in size.
TKJD019, which was targeting up-dip extensions, intersected approximately 4 metres of massive sulphides with visible chalcopyrite (assays pending) approximately 150m up-plunge from TKJD015 (4.6m @ 5.08% Cu and 5.65m @ 2.52% Cu).
A downhole electromagnetic (DHEM) survey was conducted in TKJD017 and detected a strong conductive response in-line with the interpreted position of the massive sulphide shoot, giving confidence in the orientation and continuity of the high grade copper mineralised system.
Executive Chairman, André Labuschagne, said the results from the current six hole drill program have exceeded the Company’s expectations, with sulphide mineralisation intersected in five drillholes and massive sulphide intersected in four.
“The massive sulphide envelope has now been traced over 800m down-plunge and mineralisation shows no signs of abating along the plunge direction.” Mr. Labuschagne said.
“Furthermore, several modelled EM conductors are yet to be fully tested. Based on current understanding, the EM conductors are likely to be associated with sulphide mineralisation indicating there is significant potential to increase the sulphide footprint with additional drilling data.”
The Company will now progress a second phase of drilling of up to 12 drillholes.