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Aeris Resources Releases Kurrajong Mineral Resource Estimate

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) reported a maiden JORC 2012 Mineral Resource Estimate (MRE) for the Kurrajong deposit, located within the company’s 100 per cent-owned Tritton tenement package in New South Wales.

The MRE comes in at a time when global demand for copper is on the rise and the price hovering around US$9,000 per tonne.

Aeris now has 2.2 million tonnes at 1.7 per cent copper to add to the pile.

The MRE for the Kurrajong deposit comprises 2.2 million tonnes at 1.7 per cent copper, 0.2 grams per tonne gold and 5g/t silver containing 37,000 tonnes copper metal, 13,000 ounces gold metal and 347,000 ounces silver metal

The MRE includes a high-grade massive sulphide lens of 1.1 million tonnes at 2.5 per cent copper, 0.3g/t gold and 7g/t silver.

Drilling carried out below the MRE has intersected copper mineralisation, demonstrating potential to extend the Kurrajong MRE with further drilling.

“The high-grade nature of the deposit and possibility of further extensions at depth makes Kurrajong an attractive potential future ore source for the Tritton Operation,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“The high-grade massive sulphide lens contained within the MRE has a similar copper grade tenor to that of the Avoca Tank resource.

“Even though over 900,000 tonnes of copper has already been discovered on the Tritton tenement package, we believe it remains highly prospective for further discoveries.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Aeris Resources Releases Minerals Resource for Golden Plateau

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) released a maiden JORC 2012 Mineral Resource Estimate (MRE) for the Golden Plateau deposit, located within the company’s 100 per cent-owned Cracow tenement package in Central Queensland.

The MRE for the Golden Plateau deposit has come in at:

620,000 tonnes at 3.1 grams per tonne gold and 15g/t silver for 62,000 ounces of gold metal and 300,000 ounces of silver metal.

The MRE includes an Indicated Resources of:

130,000 tonnes at 3.4g/t gold, 18g/t silver for 14,000 ounces gold and 70,000 ounces silver.

And Inferred Resources of:

490,000 tonnes at 3g/t gold, 15g/t silver for 48,000 ounces gold and 230,000 ounces silver.

The Golden Plateau deposit is located 1km north from Aeris’ Cracow Processing Facility and is situated along a regional northwest trending epithermal quartz vein structure that has been traced along a total strike length of 7km to 10km.

“This maiden Mineral Resource and Exploration Target validates our long-held view that the Golden Plateau deposit has the potential to play an important part in extending the life of our Cracow Operation,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“The focus is now on conceptual mining studies to incorporate the deposit into the mine plan and to continue drilling the defined Exploration Target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Aeris Resources Updates Turbo Lens MRE

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) released an updated Mineral Resource estimate (MRE) for the Turbo lens at the Bentley deposit, located at the company’s 100 per cent-owned Jaguar operations in Western Australia.

The updated MRE for the Turbo lens has come in at 1.26 million tonnes at 1.82 per cent copper, 8.5 per cent zinc, 0.72 grams per tonne gold and 47g/t silver.

The update compares well against the December 2021 MRE providing a 23 per cent increase in tonnage, 39 per cent increase in contained zinc metal, 17 per cent increase in contained copper metal, and 21 per cent increase in contained gold metal while doubling the strike length to 400 metres.

The majority of resource classification (89 per cent by tonnage) has been upgraded to Indicated status.

“The updated mineral resource has materially increased the ore tonnes and metal content at the Turbo lens,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“This drilling campaign has also resulted in the majority of the mineral resource being upgraded to Indicated status.

“We believe there is strong potential for further Mineral Resource increases at Turbo, as it remains open along strike and down plunge.

“This view is supported by recent drilling outside of the resource envelope, which has intersected massive sulphide mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Aeris Resources Intersects High-Grade Gold at Golden Plateau

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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;

GPS058
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

 

Aeris Resources Drills Impressive Copper Hits at Constellation

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) is currently conducting an RC drill program at the Constellation deposit, located within the company’s 100 per cent-owned Tritton tenement package in New South Wales.

Aeris Resources is drilling to test the extents of shallow oxide and supergene copper mineralisation the company first identified from diamond drill hole TAKD002 that was reported to the market in December 2020.

The RC drilling has defined an oxide and supergene copper footprint approximately 150 metres along strike and 130m down plunge with mineralisation remaining open to the south.

To date, 52 RC drill holes have been completed to date, with assays received for 22 and assays pending on the remaining 30.

High-grade copper intersections from the recent assays include:

TAKRC024
38 metres at 3.72 per cent copper, 0.36 grams per tonne gold, 3.1g/t silver from 8m;

TAKRC025
47m at 3.9 per cent copper, 0.96g/t gold, 5.6g/t silver from 11m;

TAKRC004
38m at 2.91 per cent copper, 0.47g/t gold, 1.8g/t silver from 44m; and

TAKRC003
10m at 5.48 per cent copper, 0.83g/t gold, 3.7g/t silver from 40m, including 5m at 10.77 per cent copper, 1.56g/t gold, 6.8g/t silver from 45m.

Aeris has submitted two applications to the NSW Resources Regulator for an additional 40 RC holes in the adjoining two exploration tenements.

“The first round of assay results from the RC drilling have exceeded our expectations,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“Intersecting high grade copper mineralisation within 10 metres from surface is remarkable.

“The footprint of this near-surface copper mineralisation is also larger than we expected and remains open along strike to the south.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@aerisresources.com.au

 

Web: www.aerisresources.com.au

 

 

Aeris Resources Increases Gold Count at Cracow Project

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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

Email: info@aerisresources.com.au

Web: www.aerisresources.com.au

 

Aeris Resources Increases Kurrajong System

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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:

TKJD017
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

TKJD019
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.”

 

Website: www.aerisresources.com.au