Aeris Resources (ASX:AIS) is reporting it has intersected several ‘high-grade’ copper lenses in an underground exploration drillhole completed at the Murrawombie deposit, located within its 100% owned Tritton tenement package near Girilambone in New South Wales.
The Murrawombie deposit is the second largest deposit discovered within the Tritton tenement package with an in-situ tonnage in the range of 15Mt to 20Mt.
Primary copper mineralisation in the form of chalcopyrite is associated with pyrite forming a series of stacked sulphide lenses traced from surface to 1,100m down plunge.
An underground exploration drillhole was recently completed targeting extensions to the mineralised system down plunge below the current Mineral Resource footprint.
Drillhole MWNM001 intersected several zones of ‘high-grade’ copper including 8m @ 2.05% Cu, 0.47g/t Au and 7.6g/t Ag from 845m.
It also intersected copper at 21.3m @ 1.78% Cu, 0.48g/t Au and 7.4g/t Ag from 858.5m, including 11.1m @ 2.72% Cu, 0.78g/t Au and 11.7g/t Ag from 868.7m.
Aeris Executive Chairman Andre Labuschagne said these latest drilling results continue to demonstrate the prospectivity to find more copper on the Tritton tenement package.
“The mineralisation intersected down plunge from the Murrawombie deposit has the potential to significantly extend the life of the Murrawombie underground.
“We will be prioritising downhole EM surveying on the hole and planning a follow up drilling.”
A downhole electromagnetic survey will be completed on drillhole MWNM001 to detect massive sulphide lenses up to 200m from the drill trace, and the results from the survey will be used to assist with planned follow-up drilling to test extensions to mineralisation below the current Mineral Resource footprint.
The ‘high-grade’ copper intersections are located 250m down plunge below the current Mineral Resource footprint, and the results from drillhole MWNM001 are exciting for several reasons.
Firstly, intersecting several ‘high-grade’ lenses suggest the mineralised system is not showing signs of weakening.
Secondly, there is significant potential to extend the current Mineral Resource Inventory with further exploratory drilling.
A common feature of deposits within the Tritton tenement is a long down plunge dimension.
The Murrawombie deposit has now been traced 1,400m down plunge.
The Tritton deposit remains the largest mineralised system discovered within the tenement package to date and has been traced in excess of 2,000m down plunge and remains open.
Aeris Resources is a mid-tier base and precious metals producer, and its copper-dominant portfolio comprises four operating assets, a long-life development project and a ‘highly prospective’ exploration portfolio spanning Queensland, Western Australia, New South Wales and Victoria.
Brisbane-based Aeris has a strong pipeline of organic growth projects, an aggressive exploration program and continues to investigate strategic merger and acquisition opportunities.
Its experienced board and management team bring significant corporate and technical expertise to a lean operating model.
Aeris is committed to building strong partnerships with its key community, investment and workforce stakeholders.
Images: Aeris Resources Limited
