- Aeris Resources (AIS) strikes high grade copper-zinc intersections at its Jaguar Operations in WA
- The company undertook resource definition drilling at the Bentley deposit, which expanded the high-grade copper-zinc mineralisation
- A further 28 holes were drilled at the Turbo lens within the deposit, extending the strike length of the Turbo massive sulphide lens from 200 to 400 metres
- Further resource definition drilling has been planned at Turbo to continue extending the mineralised footprint
- Aeris Resources is up 3.70 per cent, trading at 42 cents at 1:31 pm AEST
Aeris Resources (AIS) has struck high grade intersections at its Jaguar Operations in Western Australia.
The company undertook resource definition drilling at the Bentley deposit, which extended the high-grade copper-zinc mineralisation. The deposit consists of multiple lenses, and is considered highly prospective for further deposits.
A further 28 holes were drilled at the Turbo lens within the deposit to test strike extensions beyond the reported mineral resource, as well as better define the geometry of the lens.
The drilling extended the strike length of the Turbo massive sulphide lens from 200 metres to 400 metres, and returned intersections including 10.5 metres at 3.4 per cent copper, 8.32 per cent zinc, 1.37 grams of gold per tonne (g/t) and 59 g/t silver.
The Turbo lens remains open along strike to the north and south and down plunge.
“The recently discovered, high grade Turbo lens has doubled in strike length and is still open down plunge,” Aeris Executive Chairman Andre Labuschagne said.
“Turbo offers excellent potential to extend the life of the Bentley underground mine and will be a priority for further drilling in this financial year.”
Further resource definition drilling has been planned at Turbo to continue extending the mineralised footprint.
An updated mineral resource estimate for the Turbo deposit is scheduled for completion in the first quarter of FY23.
Aeris Resources was up 3.70 per cent, trading at 42 cents at 1:31 pm AEST.