Aeris Resources defines exploration target at Kurrajong

Aeris Resources defines exploration target at Kurrajong

Established Australian copper producer and explorer, Aeris Resources (ASX: AIS) has provided an update on the Kurrajong deposit. Following the completion of a 14 hole drill program, the Company has defined an initial Exploration Target for Kurrajong ranging between 3 to 4 million tonnes at a copper grade between 1.5% to 2.0%.


Established Australian copper producer and explorer, Aeris Resources (ASX: AIS) has provided an update on the Kurrajong deposit. Following the completion of a 14 hole drill program, the Company has defined an initial Exploration Target for Kurrajong ranging between 3 to 4 million tonnes at a copper grade between 1.5% to 2.0%.

HIGHLIGHTS

·       Initial Exploration Target has been established for the Kurrajong deposit, based on a copper sulphide horizon extending 1,100m down plunge

·       Copper sulphide mineralisation at the Kurrajong deposit remains open down plunge and along strike

·       Seeking regulatory approvals to enable next drilling phase

With additional drilling there is potential to increase the size of the Exploration Target and define a higher grade (+2% copper) core as evidenced by the wide spaced alignment of high grade copper drill intersections completed to date.

Aeris Executive Chairman, Andre Labuschagne, said “The defining of an Exploration Target for Kurrajong demonstrates the exciting potential of this deposit whilst also further validating the broader prospectivity of our Tritton tenement package.

"In the last two years we have also identified 29 new EM anomalies and in the coming year we are aiming to commence first pass drilling on the highest potential anomalies.”

The potential quantity and grade of the Exploration Target is conceptual in nature and is therefore an approximation.

There has been insufficient exploration drilling to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

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