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Aeris Resources shares rise after identifying 25 new anomalies at Tritton

Aeris shares are trading about 7% higher intra-day, at 16 cents.

EM survey
Nine of the new anomalies are considered high priority targets

Aeris Resources Ltd (ASX:AIS) has completed the final interpretation from a large (617 square kilometre) airborne electromagnetic (EM) survey over the northern half of its Tritton tenement package in New South Wales.

The heliborne EM survey was flown using the innovative SKYTEM 312 EM system which is designed to test for deep conductor bodies.

Data from the EM survey has been processed and reviewed with 25 new mid to late time EM anomalies identified.

Plan view of the Tritton tenement package showing the SKYTEM EM survey area and other recently completed EM surveys.

Of the 25 new anomalies, nine are considered higher priority targets.

On‐ground exploration will now focus on evaluating each target area and prioritizing ground-based EM surveys and/or surface geochemistry of the most prospective targets in preparation for first pass drilling.

Aeris executive chairman Andre Labuschagne said: “This is an incredibly exciting result and proves the prospectivity of the under‐explored northern half of our Tritton tenement package.

“When you consider that to date 750,000 tonnes of copper has been discovered in the southern half of the Tritton tenement package, the upside on the northern half of the tenement package is significant.

“These 25 new anomalies are added to 4 that were identified from the 2017 aerial EM survey.”

READ: Aeris Resources intersects copper of up to 6.51% at target near Tritton mine

The Tritton tenement package is a highly endowed copper province with 750,000 tonnes of copper metal discovered to date along a 50 kilometre long corridor between the Budgery deposit to the Avoca Tank deposit.

Systematic and focused greenfields exploration over the northern half of the tenement package has been limited to date.

The results from the recent SKYTEM aerial EM survey confirms Aeris’ view that there is significant potential to discover additional copper sulphide deposits in the northern half of the Tritton tenement package.

Quick facts: Aeris Resources Ltd

Price: 0.059 AUD

ASX:AIS
Market: ASX
Market Cap: $26.89 m
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