Aeris Resources Limited (ASX: AIS), an Australian copper producer and explorer, has provided provide an update on exploration activities at its wholly owned Tritton Copper Operations near Nyngan in Western New South Wales.
New Bedrock EM conductor identified
Drilling at Murrawombie intersects additional sulphide mineralisation both down plunge and in the hanging wall
Encouraging downhole EM at Caribou Prospect extends modelled plate
Aeris Resources Executive Chairman, Andre Labuschagne, said: “The recent exploration results continue to demonstrate the prospectivity of the Tritton tenement package. The confirmation of the new bedrock conductor is very exciting and once the new tenement has been granted we will start planning a drill program. Drilling at Murrawombie continues to deliver success and the extension of the EM plate down plunge at the Caribou Prospect is a very interesting development.”
New Bedrock EM Conductor Identified In December 2018, an airborne electromagnetic (AEM) survey was flown, covering 617km2 over the northern half of the tenement package.
The AEM survey, utilising the SKYTEMTM 312 airborne EM system, was designed and optimised to test for deep conductive bodies. The AEM survery identified 25 new anomalies and confirmed the Company’s view that there is significant potential to discover additional copper sulphide deposits in the northern half of the Tritton tenement package.
As a follow-up to the AEM Survey, ground based moving loop electromagnetic (MLTEM) surveying has recently been undertaken. The MLTEM survey was designed to confirm whether the AEM detected anomalies are legitimate bedrock conductor(s).
Preliminary results from MLTEM surveying over an AEM anomaly toward the northern margin of the Company’s exploration tenement boundary confirmed the presence of a bedrock conductor.
Preliminary modelling indicates plate dimensions varying from 200 metres x 200 metres to 325 metres x 325 metres with modelled conductance ranging between 100 S to 150 S. The modeled body is positioned approximately 150 metres below surface.
The conductive plate is interpreted to extend beyond the northern boundary of the Company’s exploration tenement and an exploration licence application was submitted to the Department of Planning, Industry and Environment during the quarter to cover the additional area.