THE DRILL SERGEANT: Aeris Resources (ASX: AIS) reported an updated Mineral Resource for the combined Klondyke and Royal deposits at the company’s 100 per cent-owned Cracow gold operations in Queensland.
The updated Mineral Resource estimate of 341,000 tonnes at 3.6 grams per tonne gold for 39.5 thousand ounces of gold represents a 324 per cent increase in total contained gold ounces, compared to the Mineral Resource Aeris previously reported in June 2020.
The company explained the material change in reported Mineral Resource is the result of a revision of the geological information and additional gold mineralisation identified in the June 2020 drilling program.
“We have always been confident that there is more gold to be found at Cracow, either from exploration activities, including drilling, or by challenging the paradigms around what is economically mineable,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.
“The significant increase in the Mineral Resource at the Klondyke and Royal deposits confirms our view.
“Work has commenced to schedule the upgraded Klondyke-Royal deposits into the Cracow Life of Mine Plan.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE