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.