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- Aeris Resources (AIS) intersects several zones of high-grade copper at the Murrawombie deposit within its Tritton tenement package in New South Wales
- Results come from one hole drilled 250 metres below the current mineral resource footprint and include 11.1 metres at 2.72 per cent copper, 0.78 g/t gold and 11.7 g/t silver
- The mineralisation at Murrawombie remains open down-plunge and along-strike
- Further, Aeris says there’s significant potential to extend the current mineral resource with further drilling
- Company shares are up 4.4 per cent to trade at 47.5 cents at 2:14 pm AEST
Aeris Resources (AIS) has intersected several zones of high-grade copper at the Murrawombie deposit within its Tritton tenement package in New South Wales.
The results come from an underground hole drilled in the area to target extensions to the mineralised system 250 metres down-plunge below the current mineral resource footprint.
The company said the hole intersected multiple zones of copper including eight metres at 2.05 per cent copper, 0.47 grams per tonne (g/t) gold and 7.6 g/t silver from 845 metres.
Further high grades from this hole include 11.1 metres at 2.72 per cent copper, 0.78 g/t gold and 11.7 g/t silver from 868.7 metres.
The Murrawombie deposit can now be traced 1400 metres down-plunge, and mineralisation remains open down-plunge and along-strike.
Aeris said it believed the results showed there was significant potential to extend the current mineral resource in the area with further drilling.
“These latest drilling results continue to demonstrate the prospectivity to find more copper on the Tritton tenement package,” Executive Chair Andre Labuschagne said.
“The mineralisation intersected down-plunge from the Murrawombie deposit has the potential to significantly extend the life of the Murrawombie underground.”
Aeris Resources will now complete a downhole electromagnetic survey on the drill hole to detect massive sulphides. The company will then use the survey results to plan follow-up drilling to test extensions to mineralisation.
Aeris shares were up 4.4 per cent to trade at 47.5 cents at 2:14 pm AEST.
