- Gold and base metals explorer Auris Minerals (AUR) intersects further gold mineralisation at its Feather Cap gold project in Western Australia
- A total of 76 aircore holes were drilled at the Durack East prospect to evaluate the potential for strike extensions to the gold mineralisation
- Auris intersected several anomalous zones of quartz veining and chert with grades peaking at 14.3 grams of gold per tonne
- A reverse circulation (RC) rig is now being sourced to drill four RC holes at Durack East to further evaluate the gold intersected in the aircore drilling
- Auris ends the day 1.92 per cent in the red with shares trading at 5.1 cents
Gold and base metals explorer Auris Minerals (AUR) has intersected further gold mineralisation at its Feather Cap gold project.
The Feather Cap Project lies 95 kilometres north of Meekatharra in the Bryah Basin of Western Australia.
A total of 76 aircore (AC) holes, for 6151 metres, were drilled at the Durack East prospect to evaluate the potential for strike extensions to the gold mineralisation identified in previous drilling.
Auris intersected several anomalous zones of quartz veining and chert (a rock consisting almost entirely of silica).
A significant result of five metres at 14.3 grams of gold per tonne (g/t) from 40 metres was intersected in hole DEAC0095.
This result supports the interpretation of a three-kilometre extension of the Morck Well trend into Feather Cap.
Hole DEAC0095 lies 400 metres east and 300 metres north of a previously reported high-grade gold intercept of 26.7g/t gold.
A full review of the drilling will be undertaken once all results are received to better understand the full mineralisation and geology within Durack East.
Managing Director Mike Hendriks called these results “encouraging”.
“These new high-grade results are encouraging as they continue to support our theory of a much larger gold system being hosted between the Morck Well and Feather Cap projects,” Mr Hendriks commented.
“We are aiming to unlock the total mineralised strike of 6.3 kilometres between these two projects and the presence of further high-grade gold is a significant step forward.”
A reverse circulation (RC) rig is now being sourced to drill four RC holes at Durack East to further evaluate the gold intersected in the aircore drilling.
Due to suitable drill rig availability, drilling will begin in Q1 2022 instead of the expected early December.
Auris has ended the day 1.92 per cent in the red with shares trading at 5.1 cents in a $24.78 million market cap.