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Aeris Resources Ltd.
Summary
| Project: | Tritton | |
|---|---|---|
| Deposit: | Tritton | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 6/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-6-2018: Aeris Resources Ltd. announces an Exploration/Drilling Update report for its Tritton deposit at the Tritton project. Drilling results incl. 19.4m @ 2.18% Cu, 0.30g/t Au, 7g/t Ag from 676.6m. Established Australian copper producer, Aeris Resourc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brad Cox (Internal) | |
| ABSTRACT: | Established Australian copper producer, Aeris Resources (ASX: AIS) is pleased to announce highly encouraging results from 3 drillholes completed at its Kurrajong Prospect (Kurrajong), as part of the Company’s greenfields exploration strategy at its Tritton tenement package in NSW. Assay results and downhole EM surveys (DHEM) have been received for the initial two drillholes at Kurrajong, whilst the third drillhole has been completed (assay results and DHEM survey pending). 2 Aeris Resources Executive Chairman, Andre Labuschagne, said: “Kurrajong is shaping up as a very exciting project for us. Not only have the assay results come back with excellent copper and gold grades but the downhole EM survey in both these holes showed significant off-hole conductors, inferring extension of strike, in addition to the 500m of mineralisation down dip identified so far. The really exciting aspect for us is that Kurrajong remains open in all directions.” “Now that Kurrajong is shaping up to be a significant discovery, we will accelerate the drilling program. This follow-up drilling forms part of our broader exploration strategy to evaluate a pipeline of both brownfields and greenfields targets to leverage our existing mining and processing infrastructure at the Company’s Tritton Operations and deliver on our organic growth plans. “What we are seeing now at Kurrajong continues to support our belief that the Tritton tenement package (>1,800km2) remains highly prospective for further discoveries. To date, more than 750kt of copper has been discovered in the southern half of the tenement package along a geological trend of approximately 50km of strike. “While the northern half of the package has had very little exploration undertaken to date, recent mapping in the northern section has identified a further 65km of strike along that geological trend. An airborne EM program conducted in the northernmost section of the tenements early last year identified 6 new EM anomalies.” | |
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