Aurelia Metals (ASX:AMI) has intersected further high grade intersections at the southern end of the Hera gold-lead-zinc project in New South Wales.
The company has also commenced haulage of zinc-lead concentrate from the Hera Mine Site to the Hermidale rail siding in preparation for first concentrate train to port later this week.
First shipment remains on schedule for the December quarter.
The Hera mine site will ship concentrates in 5,000 tonne to 6,000 tonne lots to customers of the company’s offtake partner Glencore.
In addition, the Hera process plant is now in the final stage of commissioning with a focus on optimisation of recoveries and rectification of minor defects.
Hera South Drilling
Exploration drill holes completed from underground have continued to return numerous high-grade results from outside the existing Hera Reserve.
These extend the known limits of the Hera South and Main South leases. Key results include:
- 3.8 metres at 16.7 grams per tonne gold and 19% lead+zinc;
- 7.7 metres at 16.4g/t gold and 5.1% lead+zinc;
- 7.2 metres at 10.2g/t gold and 6.3% lead+zinc;
- 23.7 metres at 6.9g/t gold and 5.9% lead+zinc; and
- 8.9 metres at 11.8g/t gold and 7.5% lead+zinc.
The Hera South mineralisation is readily accessible from planned underground development.
Work is in progress to incorporate this material into the mine plan with potential for it to provide a near term source of higher grade ore to the processing plant.
Hera currently has Reserves of 2.44 million tonnes at 4.1g/t gold, 2.8% lead, 3.8% zinc and 16.7g/t silver and Resources of 1.8Mt at 3.6g/t gold, 2.5% lead, 3.5% zinc and 15g/t silver.
Hera-Nymagee
The Hera-Nymagee Project and consists of the high-grade underground Hera gold-lead-zinc-silver mine (Aurelia:100%) and the Nymagee copper deposit (Aurelia:95%).
These are hosted in the Cobar Basin, which also host the major mineral deposits at CSA, The Peak and Endeavor.
Aurelia is now in final plant commissioning stages of the Hera project with first production commenced in the September quarter 2014, and first concentrate shipments due in the December quarter 2014.
The Hera Mine produces gold and silver doré bars by gravity and concentrate leach and also produces a high-grade bulk-lead-zinc concentrate for sale.
The company is also evaluating the Nymagee copper deposit with a view to an integrated development of both deposits.
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