Fe Limited (ASX:FEL) holds a 20% interest and is free carried until decision to mine at the Forrest Project, located in the highly prospective Bryah Basin in Western Australia.
Partner Auris Minerals Ltd (ASX:AUR) has intersected more broad zones of high-grade zones of copper-gold-silver mineralisation from reverse circulation drilling.
Highlights include: 14 metres at 1.48% copper from 118 metres; 9 metres at 2.01g/t gold from 123 metres; and 5 metres at 3.64g/t silver from 123 metres.
Broader intersections included: 61 metres at 0.49% copper from 122 metres.
The importance of the results is the presence of primary copper sulphide mineralisation at the base of the high-grade oxide copper zones.
This may indicate that exploration is proximal to the principal target of a primary copper-gold sulphide system.
Auris will review the results before planning the next drilling program.