- Copper-gold explorer Aeris Resources (AIS) continues to collect high-grade copper assays from the Constellation deposit at its Tritton tenement package in NSW
- The company has received assay results from an additional five resource definition drill holes targeting the deeper primary portion
- The exploration drilling has successfully intersected massive sulphides 150 metres down plunge from previous drilling
- On the market this morning, Aeris was up 3.13 per cent and is trading at 16.5 cents per share
Aeris Resources (AIS) has continued to collect high-grade copper assays from the Constellation deposit at its Tritton tenement package in NSW.
The copper and gold explorer has received assay results from an additional five resource definition drill holes targeting the deeper primary portion at Constellation.
The exploration drilling has successfully intersected massive sulphides 150 metres down plunge from previous drilling.
Results include 23.05 metres at 2.29 per cent copper, 0.80 grams per tonne (g/t) of gold, 4.1 g/t silver, and 10.95 metres at 2.73 per cent copper, 0.82 g/t gold and 5.6 g/t silver.
Mineralisation is now traced 1000 metres down plunge and remains open.
“These latest drilling results, including extending mineralisation a further 150 metres down plunge, continues to underpin our view that Constellation is a significant copper deposit,” Executive Chairman Andre Labuschagne said.
Aeris has now commenced the initial mineral resource estimate, focused on the shallow portion of the Constellation deposit. This estimate is expected to be completed within the December quarter.
On the market this morning, Aeris was up 3.13 per cent and is trading at 16.5 cents per share at 10:09 am AEDT.