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Aeris Resources Ltd.
Summary
| Project: | Torrens | |
|---|---|---|
| Deposit: | Torrens | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 5/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-5-2019: Aeris Resources Ltd. announces an Exploration/Drilling Update report for its Torrens deposit at the Torrens project. Drilling results incl. 20m @ 0.15% Cu from 562m. Aeris Resources Limited (ASX: AIS) (Aeris or the Company), an Australian coppe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brad Cox (Internal) | |
| ABSTRACT: | Aeris Resources Limited (ASX: AIS) (Aeris or the Company), an Australian copper producer and explorer, is pleased to provide an update on its 70% owned Torrens Exploration Project in South Australia. The current drillhole, TD10 commenced drilling on 24th April and reached the target depth of ~1,300m on 28th May. Visual observations from the drillhole have shown highly altered K-feldspar and magnetite rich intervals with trace amounts of pyrite and chalcopyrite. The visible pyrite and chalcopyrite are very encouraging from a geological perspective. A review of the geological information collected from the current drill program along with the recently finalised geophysical interpretation work will now commence. Based on the new information collected the review work will focus on re-evaluating and refining geological target areas for future drilling campaigns. Consequently, drilling operations will be paused whilst the review is undertaken. Assay results from TD7 reported no significant copper mineralisation with the highest grade interval being 20m @ 0.15% Cu from 542m downhole, though the presence of elevated Cerium concentrations that were intersected toward the bottom of the drillhole were encouraging. Cerium and other rare earth elements (REE) are considered important geochemical vectors toward potential iron-oxide-copper-gold (IOCG) systems. | |
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