Sign up Australia
Proactive Investors - Run By Investors For Investors

Aeris Resources hits 20 metre semi-massive copper sulphide zone

The Kurrajong prospect has potential to add mine life to the Tritton Copper Operations.
diamond drill core laid out
Pending assays will aim to confirm the visual interpretation of copper mineralisation

Aeris Resources Ltd (ASX:AIS) has intersected a 20-metre thick massive and semi-massive sulphide at its Kurrajong prospect within the Tritton tenements in New South Wales.

The intersection contains visible chalcopyrite, a copper-bearing mineral, which will potentially be confirmed by pending assays.

The drill result extends the footprint of Kurrajong’s sulphide envelope to 300x700 metres, which remains open in all directions and will be subject to further drilling.

Developing a pipeline of copper resources

Aeris is producing copper from its 100% owned Tritton Copper Operations featuring multiple mines and a 1.8 million tonnes per annum copper processing plant.

The company is targeting production of 27,000 tonnes of copper in FY2018, with 19,094 tonnes produced through the first three quarters.

Kurrajong represents an opportunity to develop additional ore reserves to feed the processing plant within the Tritton tenements.

READ: Aeris Resources increases copper production in March quarter

Aeris Resources’ executive chairman Andre Labuschagne said: “Our current greenfields exploration strategy is targeting Tritton scale orebodies (i.e. 10+ million tonnes) and with Kurrajong remaining open in all directions, this a very exciting result for us.

This latest drill intersection demonstrates that mineralisation at Kurrajong continues at depth and extends the current known dip length.

“It also demonstrates the prospectivity of our tenement package around the Tritton Copper Operations.”

Downhole EM survey being completed

A downhole electromagnetic (DHEM) survey is being completed on the hole to assist in targeting further extensions to mineralisation along strike or below the hole.

Whilst the DHEM survey is in progress, a new hole is being drilled to test the up-dip extents of the high grade copper system.

View full AIS profile View Profile

Aeris Resources Ltd Timeline

Related Articles

September 12 2018
Bluejay is now sending off product samples to potential customers
KSZ holds potential for world class base and precious metals deposits
drill intersection
October 02 2018
West Musgrave Project is the largest undeveloped nickel-copper project in Australia.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use