THE DRILL SERGEANT: Aurelia Metals (ASX: AMI) released results from drilling undertaken at the company’s Peak Mine in New South Wales.
Aurelia Metals carried out the 24-hole underground exploration drilling above the Chronos lode at the Peak Mine that was aimed at extending high-grade mineralisation up-dip.
Assay results for the initial sixteen holes have been received, returning strongly mineralised intercepts, including:
24 metres at 29.6 per cent lead and zinc (Pb+Zn), 0.4 grams per tonne gold and 44g/t silver;
4m at 0.6 per cent Pb+Zn, 5.5g/t gold and 4g/t silver, and 19m at 34.1 per cent Pb+Zn, 0.9g/t gold and 48g/t silver;
23m at 27.3 per cent Pb+Zn, 0.2g/t gold and 46g/t silver, including 9m at 40.7 per cent Pb+Zn, 0.4g/t gold and 50g/t silver;
25m at 21.6 per cent Pb+Zn, 0.7g/t gold and 35g/t silver, including 8m at 39.3 per cent Pb+Zn, 1.8g/t gold and 51g/t silver;
15m at 35.1 per cent Pb+Zn, 2.3g/t gold and 82g/t silver;
15m at 28.2 per cent Pb+Zn, 4.5g/t gold and 76g/t silver, including 5m at 46.8 per cent Pb+Zn, 12.4g/t gold and 143g/t silver;
16m at 33 per cent Pb+Zn, 1.9g/t gold and 67g/t silver; and
12m at 4.8 per cent Pb+Zn, 7.9g/t gold and 8g/t silver, and 14m at 31.2 per cent Pb+Zn, 0.7g/t gold and 40g/t silver.
“We are delighted to see the continuation of strong, consistent mineralisation above Chronos, transitioning from high-grade gold to high-grade base metals,” Aurelia Metals chairman and acting CEO Cobb Johnstone said in the company’s announcement to the Australian Securities Exchange.
“It is particularly pleasing to have extended the mineralised zone approximately 100 metres above the previous limit of known resources, with this high-grade zone remaining open up dip.”
Aurelia said the latest results extended the known high-grade mineralisation at Chronos to more than 100m above the current limits of delineated resources and more than 140m above the top of the current stoping level.
The base metal mineralisation encountered in this program remains open up-dip.
Aurelia has further underground drilling planned in the upper Chronos area, with the timing of this drilling linked to the advance of the mine development to higher levels.