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Auris Minerals Ltd.
Summary
| Project: | Morcks Well | |
|---|---|---|
| Deposit: | Morcks Well | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Zinc-Lead | |
| Date: | 3/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-3-2020: Auris Minerals Ltd. announces an Exploration/Drilling Update report for its Morcks Well deposit at the Morcks Well project. Drilling results incl. 10m @ 3.55ppm Au, 67ppm Cu, 45ppm Zn, 1ppm Pb from 45m. Australian Gold and Base Metals explorer | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Svensson (Internal) | |
| ABSTRACT: | Australian Gold and Base Metals explorer Auris Minerals Limited (“Auris” or “the Company”) (ASX: AUR) is pleased announce the return of significant gold results from regional Air Core drilling completed by Sandfire Resources Limited (ASX: SFR) within the Morck Well JV. Auris and Fe Ltd (ASX:FEL) entered a Farm-in Agreement with Sandfire in relation to the Morck Well Project during February 2018, (refer ASX announcement dated 28 February 2018). Sandfire has the right to earn a 70% interest in the project upon completion of a Feasibility Study on a discovery of not less than 50,000t contained copper (or metal equivalent). Regional Air Core (AC) drilling recommenced within the Morck Well JV on 1 March 2020, with a total of 135 holes for 11,627 metres, (MWAC2196 – MWAC2200 and MWAC2209 – MWAC2337). The current first-pass, 100 x 800m spaced program, is designed to provide initial bottom-of-hole geochemistry samples and assist in defining the interpreted stratigraphic sequence. Drilling to date has targeted extensions to prospective Karalundi and Narracoota Formation lithologies previously defined by air core drilling completed by Sandfire (Figure 1). | |
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