Established Australian copper-gold producer and explorer,
Aeris' Executive Chairman,
Discussion
A new exploration tenement, Exploration Licence (EL) 9285, has been granted adjacent to the Company's 100% owned Tritton tenement package. EL 9285 is 140km2 and is located northwest from the recent Constellation discovery. Ground within EL 9285 has not been subject to modern exploration techniques and is considered prospective for copper mineralisation. The Tritton tenement package now totals 2,330km2 of the highly prospective
To date approximately 750kt of Cu metal has been discovered within the southern half of the Tritton tenement package, which has attracted the majority of exploration efforts in the past. Over the past several years greenfields exploration has advanced within the under-explored northern half of the tenement package, leading to the discovery of the Constellation deposit. EL 9285 is interpreted to be directly along the geological trend from the Exley prospect, which is within the Tritton tenement package and adjacent to the southern boundary of EL 9285. Historical drilling at Exley in the mid-1990s intersected anomalous gold, up to 8.2g/t in individual assays, with a best intersection of 7m @ 2.45g/t and low grade copper anomalism. Although copper values at Exley are low, there are examples at deposits on the tenement package of 'high gold / low copper' assays occurring in drill holes adjacent to copper sulphide deposits. The Exley prospect is considered prospective for copper mineralisation and further work is planned at Exley.
The rocks hosting mineralisation at Exley are interpreted to continue further north into EL 9285. Initial exploration activities planned for EL 9285 in FY22 will focus on geochemical sampling through an auger drilling campaign and an Airborne Electromagnetic (AEM) survey. AEM is a quick and effective first pass geophysical survey method that is capable of detecting massive sulphide accumulations several hundreds of metres below surface. A previous AEM survey completed in 2019 detected an EM anomaly which led to the discovery of the Constellation deposit.
Contact:
Tel: +61 7 3034 6200
Web: www.aerisresources.com.au
About Aeris
Previous Information
The information in this announcement that relates to previously reported exploration results are extracted from ASX announcements all of which are available on the company's website at www.aerisresources.com.au. The company confirms that it is not aware of any new information or data that materially affects the exploration results included in the relevant original market announcements.
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