- Aeris Resources (AIS) intersects high-grade copper and gold in the first drillhole of its latest underground resource definition program at the Avoca Tank project, NSW
- The drill hole intersected high-grade copper, gold and silver, with assays peaking at 2.78 grams per tonne gold, 5.48 per cent copper and 68 g/t silver
- Underground diamond drilling is continuing, with a second drill rig scheduled to commence in the coming weeks
- Shares in Aeris are trading steady at 61.5 cents at midday trade
Aeris Resources (AIS) has intersected high-grade copper and gold in its first drillhole from its latest underground resource definition drilling at the Avoca Tank project in New South Wales.
The drill hole intersected two massive sulphide high-grade copper lenses including 10.7 metres at 5.48 per cent copper, 0.3 grams per tonne (g/t) gold and 9.7 g/t silver from 428 metres and 2.6 metres at 2.94 per cent copper, 1.66 g/t gold and 68 g/t silver from 416 metres.
Both massive sulphide lenses reportedly correlate with existing modelled sulphide bodies which form part of the current mineral resource at Avoca Tank.
The hle also intersected a high-grade gold lense in the footwall to the copper lenses. The result reads six metres at 0.36 per cent copper, 2.78 g/t gold and 31 g/t silver.
“This latest drilling confirms the high-grade nature of the Avoca Tank deposit and its importance as a new ore source for the Tritton Operations,” Executive Chair Andre Labuschagne said.
“The addition of a high-grade gold lens is an interesting discovery that will be followed up with further drilling.”
A further three drill holes have been completed as part of the underground drill program and these holes are currently being logged.
Two of the three holes intersected the modelled ore horizon while the third hole deviated more than planned and missed the ore horizon.
Underground diamond drilling is continuing, with a second drill rig scheduled to commence in the coming weeks.
Shares in Aeris were trading steady at 61.5 cents at 12:04 pm AEDT.