Aeris Resources Ltd (ASX:AIS) has received high-grade copper results from the initial two drill holes completed at the Constellation deposit, at the company’s 100%-owned Tritton tenement package in central New South Wales.
Drill holes TAKD001 and TAKD002 both intersected high-grade copper mineralisation of:
- 19.95 metres at 2.41% copper, 0.64 g/t gold, 4.6 g/t silver from 197.2 metres including, 7.55 metres at 4.71% copper, 0.99 g/t gold, 9.2 g/t silver from 209.6 metres (TAKD001); and
- 3.55 metres at 22.56% copper, 2.57g/t gold, 16.1 g/t silver from 61.05 metres (TAKD002).
In addition, a third EM conductor was identified from a down-hole EM survey on TAKD002.
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“Exciting assay results”
Aeris executive chairman Andre Labuschagne said: “These assay results are very exciting. Not only are we getting high-grade copper hits but the multiple EM plates remain open.
“2020 has been both a challenging and rewarding year for Aeris and the discovery of Constellation has been a great way to finish the year.
“I am looking forward to see how the Constellation deposit evolves over the course of 2021 as the drill program continues.”
Cross section through the known Constellation deposit showing the location and hole path of drill holes TAKD001 to TAKD003
EM survey significance
The first conductive response between 60 metres to 65 metres down hole is associated with the massive sulphides intersected in TAKD002 and the modelled plate is around 15 x 15 metres and modelled with a high conductance (~5,000S).
A second conductive response is larger (20 metres x 60 metres) and located 15 metres offhole, south, from TAKD002.
The modelled conductance (10,000S to 20,000S) is exceptionally high for conductive bodies modelled within the Tritton tenement package.
Aeris thinks the off-hole EM conductor is likely to be massive sulphides due to the extremely high conductance and spatial location adjacent to the massive sulphides intersected in TAKD002.
Looking forward
Drilling will recommence at the Constellation deposit in early January with the remaining holes to continue testing the extents of the mineralised system.
Applications seeking approval to complete additional drilling beyond the currently approved 6-hole program have been submitted to the NSW Resource Regulator and it is envisaged these approvals will be in place early next year, prior to the completion of the current program.
DHEM surveying will be undertaken on TAKD003 and TAKD004 in early January to assist with refining drill targets on the larger EM plate.