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Aeris Resources Ltd.

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Summary

Project:

Tritton

Deposit:Murrawombie
Location:Australia
Commodities:Copper
Date:8/21/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:21-8-2019: Aeris Resources Ltd. announces an Exploration/Drilling Update report for its Murrawombie deposit at the Tritton project. Drilling results incl. 20.2m @ 2.52% Cu from 102.40m. Established Australian copper producer and explorer, Aeris Resources
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Bradley Cox (Internal)
ABSTRACT:Established Australian copper producer and explorer, Aeris Resources Limited (Aeris or the Company) is pleased to provide an update on recent drilling at its Murrawombie underground mine, part of the Tritton Copper Operations. A recently completed diamond drilling programme, targeting extensions to the dominant mineralised lode (lode 102) outside of the current Mineral Resource envelope, has returned excellent results along strike and down plunge. These recent drill results extend the massive sulphide mineralisation up to 60 metres along strike (north), beyond the northern extents of the current Mineral Resource envelope. Additionally, copper sulphide mineralisation was intersected beyond the 102 lode further into the Hanging Wall (HW). The drill intersections in the HW of the 102 lode are an excellent indication of the prospectivity surrounding the known mineralised system at Murrawombie, highlighting the potential to increase the Mineral Resource base, both along strike and down plunge, with additional exploration. Whilst the drill spacing is sparse it appears there are potentially multiple sulphide lenses in the HW to the 102 lode. Geological work is ongoing to interpret the number of lodes and their spatial continuity. Further drilling is planned in FY20 to assist with the interpretation and geological modelling process. The drill rig will now complete two wide spaced drill holes planned to intersect the interpreted 102 lode horizon 150 metres along strike and 190 metres down plunge beyond the known extents. Results from both drill holes will assist in understanding the potential of the larger mineralised footprint and assist with future drill planning and mine design. The latest drill results will be included in an updated Mineral Resource estimate for Murrawombie, which will be completed before the end of the current quarter.

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