Join our daily newsletter At The Bell to receive exclusive market insights
- Auris Minerals (AUR) has received a fresh batch of copper finds from a 39‐hole reverse circulation programme at its Forrest Deposit in Western Australia
- The drilling effort was conducted by fellow ASX-lister and joint venture partner Westgold Resources
- Notable results include 32 metres at 1.8 per cent copper including four metres at 4.63 per cent copper and three metres at 5.04 per cent copper
- Auris holds 80 per cent of the rights to all minerals on the project with the exception of gold
- In other news, the company’s proposed acquisition for Sandfire Resources’ (SFR) Sams Creek Gold Project remains ongoing
- Auris Minerals shares closed the day down 3.09 per cent at 9.4 cents
Auris Minerals (AUR) has received a fresh batch of copper finds from a 39‐hole reverse circulation programme at its Forrest Deposit in Western Australia.
Significant assays returned 32 metres at 1.8 per cent copper from 111 metres including four metres at 4.63 per cent copper from 112 metres and three metres at 5.04 per cent copper from 103 metres.
Auris Managing Director Mike Hendriks spoke highly of the finds.
“These significant copper hits at Forrest are very encouraging and further highlight the potential down dip and/or down plunge within the fresh rock environment, which will be evaluated further as part of the current diamond drill programme,” he commented.
The drill programme was completed by fellow ASX-lister Westgold Resources (WGX), which holds 100 per cent of the gold rights and 20 per cent of the rights to all other minerals within Forrest Project tenements.
Auris holds 80 per cent of the rights to all minerals on the project except for gold.
Westgold commenced the drill at the Forrest Deposit back in January, which is situated 130 kilometres north of Meekatharra in the Bryah Basin, Western Australia.
As part of this programme, Westgold drilled three deeper holes on behalf of the Auris joint venture.
In separate news for Auris, the company provided an update on its acquisition of the Sams Creek Gold Project from Sandfire Resources (SFR). The update advised the New Zealand regulatory approval process remains ongoing.
Due to delays, Auris is also required to refresh the approval resolutions relevant to the acquisition as the approvals received by shareholders at the Annual General Meeting held on 7 December 2020 have expired.
“Notwithstanding some minor delays, Auris is making significant progress towards completing the acquisition of the Sams Creek Gold Project,” Auris Managing Director Mike Hendriks said.
Auris Minerals shares closed the day down 3.09 per cent at 9.4 cents.
