Aeris Resources Intersects High-Grade Gold at Golden Plateau

THE DRILL SERGEANT: Aeris Resources (ASX: AIS) reported on progress of resource definition drilling underway at the Golden Plateau deposit, located within the company’s 100 per cent-owned Cracow tenement package in southeast Queensland.

The Golden Plateau deposit was previously mined at Cracow, historically producing over 850,000 ounces of gold from 1930s through to 1990s.

Aeris Resources’ resource definition drilling program is targeting remnants and extensions to Golden Plateau and has, to date, returned results with high-grade drill intersections from the north lode, including:

GPS053
11 metres at 7.4 grams per tonne gold from 6.4m;

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10m at 4.1g/t gold from 5.6m, including 1.5m at 9.3g/t gold from 0.8m; and

GPS052
8m at 3.3g/t gold from 3.9m.

Aeris said the current drilling campaign had also improved its geological understanding of vein structures at and around Golden Plateau.

“The latest drilling results at Golden Plateau are very exciting,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“Not only are we getting high-grade gold intercepts within the footprint of the known deposit but we have also identified multiple new north-south structures.

“Our understanding of the structural controls on the gold mineralisation has improved significantly as a result of this new work, which materially increases the prospectivity of Golden Plateau.

“These new structures have largely been ignored during previous drill campaigns at Golden Plateau and remain untested.

“The current drill program will now focus on testing the potential for high grade shoots within these structures.

“Resource definition drilling is currently underway with the target of releasing a maiden Mineral Resource at Golden Plateau in the September quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@aerisresources.com.au

 

Web: www.aerisresources.com.au