THE DRILL SERGEANT: Aeris Resources (ASX: AIS) announced results from recent drilling completed at the Kurrajong prospect, part of the company’s Tritton copper operations in New South Wales.
Aeris Resources completed an initial six hole campaign as part of a broader regional exploration strategy targeting larger (10Mt+) deposits at Tritton.
Aeris said the Kurrajong high-grade massive sulphide mineralisation system has now been traced up to 800m down-plunge with the deepest drillhole completed to date, TKJD017 intersecting high-grade mineralisation 130m down-plunge from previously drilled.
Aeris said the latest result indicates the mineralised system is not abating at depth and may in fact be increasing in size.
Highlights of recent drilling include:
17 metres at 2.59 per cent copper, 0.3 grams per tonne gold, 7g/t silver, including 5m at 6.09 per cent copper, 0.83g/t gold, 20g/t silver; and
encountered 4m massive sulphides with visible chalcopyrite (assays pending).
Aeris conducted a downhole electromagnetic (DHEM) survey in TKJD017 and detected a strong conductive response in-line with the interpreted position of the massive sulphide shoot, giving confidence in the orientation and continuity of the high-grade copper mineralised system.
The company said the results from the current six hole drill program has exceeded expectations, with sulphide mineralisation intersected in five drillholes and massive sulphide intersected in four.
“The massive sulphide envelope has now been traced over 800m down-plunge and mineralisation shows no signs of abating along the plunge direction,” Aeris Resources executive chairman André Labuschagne said in the company’s announcement to the Australian Securities Exchange.
“Furthermore, several modelled EM conductors are yet to be fully tested.
“Based on current understanding, the EM conductors are likely to be associated with sulphide mineralisation indicating there is significant potential to increase the sulphide footprint with additional drilling data.”