Established Australian copper-gold producer and explorer, Aeris Resources (ASX: AIS) today announced an updated Mineral Resource for the Roses Pride deposit at the company’s 100% owned Cracow gold operations in Queensland.
Updated Mineral Resource for Roses Pride:
260% increase in gold ounces to 26koz.
Total reported Mineral Resource of 177kt @ 4.6g/t Au for 26koz Au.
Mineralisation remains open along strike.
Further drilling planned in first half of 2021.
The updated Roses Pride Mineral Resource estimate represents a 260% increase in total contained gold ounces compared to the previously reported Mineral Resource (December 2019). The updated Mineral Resource contains 177,000 tonnes at 4.6 grams per tonne gold for 26.1 thousand ounces of gold.
A surface RC drill program completed in June 2020 (refer to ASX announcement “Shallow drilling delivers gold at Roses Pride” dated 31 August 2020) targeting mineralisation along strike (north) from the mined Roses Pride deposit is largely responsible for the increased Mineral Resource.
Mineralisation at the Roses Pride deposit remains open along strike to the north and further drilling is planned in the first half of 2021.
Aeris’ Executive Chairman, Andre Labuschagne, said: “The increased Mineral Resource at Roses Pride is a pleasing result and demonstrates the brownfields exploration opportunities that we believe exist at Cracow.”