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Aeris Resources Ltd.
Summary
| Project: | Tritton | |
|---|---|---|
| Deposit: | Murrawombie | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 9/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-9-2019: Aeris Resources Ltd. announces a Resource Estimation report for its Murrawombie deposit at the Tritton project. Mineral resource and ore reserve statement. The Murrawombie deposit is a sulphide copper deposit located on ML1280 in central New So | |
| Resources: | ||
| CP/QP: | [Resources]: Brad Cox (Internal) | |
| ABSTRACT: | The Murrawombie deposit is a sulphide copper deposit located on ML1280 in central New South Wales (NSW), Australia. The deposit geology has historically been described as a Besshi style volcanic associated massive sulphide (VMS) occurrence. This opinion on deposit genesis has changed. We now describe the deposit as a structurally controlled intrusive sulphide body. The different geological interpretation results from reviewing many sulphide occurrences within the Tritton Resource tenement package that all show a strong structural control with copper mineralisation associated with late stage deformational events within the sedimentary host rock. The Murrawombie deposit contains economic grades of copper, gold and silver. The gold and silver value in the ore is modest and the economics of the Murrawombie mine are dominated by copper metal production. The area around the Murrawombie deposit has a long history of mining, commencing with small scale underground copper mining from 1891 to 1910. Modern exploration and mining commenced in 1989 when systematic grid drilling of the deposit was undertaken. This led to open pit mining of the oxide portions of the deposit between 1992 to 2003, (a pit depth of approximately 130 metres). Development of an underground was started in 2008 and then suspended due economic conditions. Underground mining recommenced on the deposit in December 2015. | |
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