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Fe Limited partner reveals more copper and gold in Bryah Basin, Auris surges 70%

Assays from the drilling show high-grade copper and gold at the Forrest and Wodger prospects.

Drilling in Bryah Basin
The drilling was completed by joint venture partner Auris Minerals Ltd (ASX:AUR)

Fe Limited (ASX:FEL) has received high-grade copper and gold drill results from reverse circulation (RC) drilling at its 20%-owned Forrest and Wodger prospects within the Bryah Basin in Western Australia.

Highlights include 33 metres at 1.25% copper at Forrest and 15 metres at 3.36% copper and 1.86 g/t gold at Wodger.

Follow-up exploration is being planned which includes downhole electromagnetic surveys and additional drilling.

Results add to Bryah Basin interest

FEL chairman Tony Sage said FEL was very upbeat about the latest results, which added to the considerable interest being shown in the Bryah Basin, including by Sandfire Resources NL (ASX:SFR).

The company has a 20% free-carried interest in 12 Bryah Basin tenements until a decision to mine.

READ: Fe Limited JV partners continue to define new copper-gold targets in the Bryah Basin

Auris Minerals Limited’s (ASX:AUR) recently completed drilling at Forrest is the first drilling at the prospect for four years.

Sage is particularly encouraged by the response to the results from Auris shareholders, with that company’s stocks rising 70% to 5.1 cents.

Drilling was designed to provide further information down dip from previously including 9 metres at 5.00% copper and 1.91g/t gold from 142.4 metres.

Highlights from the seven RC holes drilled at Forrest include 33 metres at 1.25% copper from 276 metres, 4 metres at 6.33 g/t gold from 12 metres and 12 metres at 4.26 g/t gold from 36 metres.

Results have expanded the scope of the mineralised system, which is open to the north.

Downhole electromagnetics is now being planned for two of the recently drilled holes.

Wodger’s geology similar to Forrest

Wodger is 3 kilometres from Forrest and drilling continues to expand the potential between the two prospects.

Ten RC holes drilled at Wodger in late 2018 were designed to further define and extend mineralisation identified to date.

Highlights included 15 metres at 3.36% copper and 1.86 g/t gold from 107 metres and 6 metres at 2.8% copper and 1.51 g/t gold from 305 metres.

3-kilometre area between Wodger and Forrest yet to be drill-tested

Additional drilling is planned to the north to follow-up on high-grade mineralisation along with further drilling to evaluate highly anomalous results from recent aircore drilling along strike to the north.

Further evaluation is also planned of the prospective contact to the south toward Forrest, which has not been targeted correctly-to-date.

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