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Auris Minerals Ltd.
Summary
| Project: | Forrest | |
|---|---|---|
| Deposit: | Wodger | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Tellurium-Bismuth-Molybdenum | |
| Date: | 7/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-7-2017: Auris Minerals Ltd. announces an Exploration/Drilling Update report for its Wodger deposit at the Forrest project. Drilling results incl. 4.50m @ 0.49% Cu from 376m. Auris Minerals Ltd (ASX:AUR) is pleased to advise that assay results from th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Pugh (Internal) | |
| ABSTRACT: | Auris Minerals Ltd (ASX:AUR) is pleased to advise that assay results from the first diamond hole (WRDD001) have been received and interpreted from the Wodger Prospect, in the Bryah Basin, Western Australia. These results suggest that a single VMS horizon has been overturned in an antiformal fold at the top of the Narracoota Formation Volcanics, subsequently generating western and eastern lodes associated with the limbs of the antiform (Figures 1, 2 and 3). The western lode is disrupted by significant faulting in the drilled portion of WRDD001, which may affect the surface and localised geochemical signature, but which Auris contends has a 50° south‐ plunging projection that lines up with the modelled southern EM plate (refer announcement 6 June 2017). In comparison, the eastern lode remains more stratigraphically controlled, and exhibits textures and alteration indicative of a VMS horizon in the view of the company’s external consultants. The hole returned maximum copper values of 0.5 metres @ 3.60% (refer Appendix 1: Table 2 and Figure 3), within a broader anomalous zone of 4.5m @ 0.5% Cu from 373m. Associated elements (Ag, Bi, Pb) were marginally elevated in the highest grade intersection. Copper and gold grades associated with bornite mineralisation apparent in hydrothermal quartz stockwork veining and selvedge were only moderately elevated (refer Appendix 1: Table 2 and Figure 3). Support for the interpreted southerly‐plunge to the mineralisation of both lodes has been confirmed by alteration analysis from the core drilling, and has provided the platform for planned follow‐up RC drilling. This drilling is targeted to test the down‐plunge extent of both lodes along strike towards the southern EM plate, and will start this week, with assay results expected in 4‐6 weeks | |
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