Aeris Resources Ltd (ASX:AIS) has intersected massive sulphide in the first hole of a resource definition drill program at Kurrajong deposit within the tenement package at Tritton Copper Operations in New South Wales.
Notably, this first drill hole, the first in an 8-hole program, delivered a six-metre thick massive to semi-massive sulphide interval from 690.3 metres down hole with assays pending.
This sulphide intersection in hole TKJD025 supports the company's current geological model.
Looking ahead, Aeries’ resource definition drill program will continue throughout the remainder of this quarter, targeting a maiden mineral resource for Kurrajong in the September quarter of 2022.
“Potential to be another copper mine”
Aeris executive chairman Andre Labuschagne said: “We believe Kurrajong has the potential to be another high-grade copper mine to feed our Tritton processing facility.”
“The Kurrajong mineralised system has been traced over 1,000 metres down plunge and remains open down plunge and along strike (north).”
“The focus of the current 8-hole drill program is to enable a maiden mineral resource to be reported within the known extents of the mineralised system. This will be released in Q1 of FY23.”
Drill program
Visually, the intersection is consistent with previous drill holes intersecting the massive to semi-massive sulphide horizon including pyrite, with lesser chalcopyrite, supporting the current geological model.
Furthermore, the drill program at Kurrajong is designed to infill the known deposit only and will not test for extensions beyond the known footprint.
Kurrajong deposit
The Kurrajong copper sulphide mineralised system is defined by a high-grade copper massive to semi-massive sulphide lens.
A common feature of deposits within the Tritton tenement package is a long down plunge dimension.
Notably, the Tritton, Constellation, Murrawombie and Kurrajong deposits have all been traced over 1,000 metres down-plunge.