Auris Minerals : RC Drill Program Completed at Feather Cap Gold Project, WA
AUR.AX
For personal use only
25 January 2022
RC DRILL PROGRAM COMPLETED AT 100% OWNED FEATHER CAP
GOLD PROJECT, WA
Highlights:
Gold and Base Metals explorer Auris Minerals Limited ("Auris" or "the Company") (ASX: AUR) is pleased to announce that follow up RC drilling has been completed at the Company's 100% owned Feather Cap Gold Project, located 95km north of Meekatharra, in the Bryah Basin, Western Australia.
The completed RC drilling programme at the Durack East Prospect, comprising 4 holes for 709m (DERC0001 - DERC0004, Table 1), was completed to further evaluate high-grade gold mineralisation received from previously completed Air Core drilling including:
Drill hole DERC0002 was drilled to test for dip extensions to high grade mineralisation within DEAC0075 of 10m @ 1.22g.t Au from 85m and intersected an encouraging zone of 5-50% quartz veining between 123m and 133m.
AURIS MINERALS LTD ABN 77 085 806 284
Lvl3 18 Richardson Street West Perth Western Australia 6005 | PO Box 298 West Perth WA 6872
T +61 8 6109 4333 | E [email protected] | W aurisminerals.com.au
For personal use only
RC DRILL PROGRAM COMPLETED AT 100% OWNED
25 JANUARY 2022
FEATHER CAP GOLD PROJECT, WA
P a g e | 2
Drill hole DERC0004 was drilled to test for dip extensions to high grade mineralisation within DEAC0089 of 8m @ 5.44g/t Au from 87m, including 1m @ 26.7g/t Au from 87m and intersected comparable veining between 98 and 104m. A zone of weak and patchy, silica /pyrite ± sericite alteration and 2- 20% quartz veining between 153m and 172m.
All sampling from the completed RC drilling have been submitted for gold and multi-element analysis, with initial gold results from the assaying expected in 2-3 weeks.
Pending results from recent Air Core drilling completed by Sandfire to the south of Durack East, within the Morck Well JV, adjacent to the Feather Cap tenement boundary (Figure 1) will provide further value information to assist with the ongoing interpretation of this very prospective region.
Auris Managing Director, Mike Hendriks, commented: "We are very encouraged to have intersected zones of prospective alteration and quartz veining within the completed RC drill program at Durack East. Priority gold results from the RC drill program are expected in 2-3 weeks.
An infill air core drill programme to further define the mineralised trend at Durack East is planned for completion, pending relevant heritage clearances and drill rig availability. Results from this Air Core drilling will assist with ongoing interpretation of the Feather Cap - Durack East prospect as we continue to prove up our theory of a much larger mineralised strike potential of 6.2km gold system being hosted between the Morck Well and Feather Cap projects."
Figure 1 - Feather Cap / Morck Well JV Drill Plan
Notes - Durack Gold Resource - Refer WGX announcement dated 4 September 2017
All other results - Refer ASX announcement 20 April 2020, 17 July 2020, 23 October 2020, 28 October 2021, 28 January 2021, 20 April 2021, 13 October 2021, 2 November 2021, 17 December 2021.
AURIS MINERALS LTD ABN 77 085 806 284
For personal use only
RC DRILL PROGRAM COMPLETED AT 100% OWNED
25 JANUARY 2022
FEATHER CAP GOLD PROJECT, WA
P a g e | 3
Figure 2 - Durack East Anomalous Geology in Recent Air Core Plan
Additional Air Core drilling is planned at Durack East, resulting in a drill spacing of 200m over the interpreted mineralised trend at the Durack East prospect. Infill Air Core drilling is also planned to further evaluate the shallow high-grade mineralisation within DEAC0095 (5m @ 14.3g/t Au from 40m). All planned Air Core drilling is pending heritage surveying, which was initially scheduled to be completed early December 2021, however the programme has been suspended to a later date at the request of participants. At this stage the earliest the heritage surveying can be completed would be from February 2022.
Table 1 - Durack East RC Collar Details
Hole ID
Total
Hole
Easting
Northing
RL (m)
Dip
Azimuth
Tenement
Depth
Type
(MGA94_Z51)
(MGA94_Z51)
DERC0001
187
RC
674200
7148885
500
-60
180
E52/1910
DERC0002
202
RC
674200
7148925
500
-60
180
E52/1910
DERC0003
118
RC
674600
7148385
500
-60
180
E52/1910
DERC0004
202
RC
674600
7148425
500
-60
180
E52/1910
Regional Drilling Summary
Initial observations from drilling completed to date at the Durack East Prospect (located within the Feather Cap Project) and at the Morck Well Project to the east, suggest the potential exists for significant mineralisation to be defined over a total strike extent of 6.2km.
Regional Air Core drilling completed along strike to the east by Sandfire within the Morck Well Project at 800m line spacing, has returned significant gold mineralisation, including 5m @ 4.76g/t Au from 70m (MWAC2682) and 10m @ 1.25g/t Au from 110m (MWAC2679), (Refer ASX announcement 23 October 2020). Air Core drilling completed by Sandfire in the west of the Morck Well Project, highlighted a potential 3.2km of gold mineralised trend.
AURIS MINERALS LTD ABN 77 085 806 284
For personal use only
RC DRILL PROGRAM COMPLETED AT 100% OWNED
25 JANUARY 2022
FEATHER CAP GOLD PROJECT, WA
P a g e | 4
The mineralised trend highlighted in the above Sandfire Air Core drilling potentially extends to the west into the Feather Cap project for a further 3.0km, highlighted by the intersection of 4m @ 0.69g/t Au from 141m including 2m @ 1.26g/t Au from 142m (DEAC0009 - Refer ASX Announcement 28 January 2021) within Air Core drilling completed during December 2020 and significant results of 8m
Significant gold mineralisation also occurs to the west, along strike of the interpreted mineralised trend, in the form of the Durack Gold Resource (Refer WGX announcement dated 4 September 2017), located along over 2km strike and outside of Auris tenure. Historical RAB drilling by Plutonic Resources and Geopeko in the 1990's, located in the western extremity of the interpreted mineralised trend has intersected high-grade gold results including 35m @ 1.8g/t Au from 32m including 8m @ 5.19g/t Au from 32m (JRB43) and 20m @ 3.01g/t Au from 40m including 4m @ 10.7g/t Au from 40m, (JR60, Refer ASX announcement 28 October 2020).
-ENDS-
For and on behalf of the Board.
Mike Hendriks
Managing Director
For Further information please contact:
Mike Hendriks
Managing Director
Ph: 08 6109 4333
AURIS MINERALS LTD ABN 77 085 806 284
For personal use only
RC DRILL PROGRAM COMPLETED AT 100% OWNED
25 JANUARY 2022
FEATHER CAP GOLD PROJECT, WA
P a g e | 5
ABOUT AURIS MINERALS LIMITED
Auris is exploring for base metals and gold in the Bryah Basin of Western Australia. Auris has consolidated a tenement portfolio of 1,410km², which is divided into eight well-defined project areas: Forrest, Cashman, Cheroona, Doolgunna, Morck Well, Feather Cap, Milgun and Horseshoe Well, (Figure 3).
In February 2018, Auris entered a Farm-in Agreement with Sandfire in relation to the Morck Well and Doolgunna Projects which covers ~430km² (the Morck Well JV). During September 2019, Auris entered into a Farm-in with Sandfire in relation to the Cashman Project tenements, E51/1053 and E51/1120, (the Cashman JV). On 4 February 2020 Auris and Northern Star Resources Limited (NST) entered into a Farm-in with Sandfire in relation to the Cheroona Project tenements, E51/1391, E51/1837 and E51/1838, (the Cheroona JV). Sandfire has the right to earn a 70% interest in each of above projects upon completion of a Feasibility Study on a discovery of not less than 50,000t contained copper (or metal equivalent) on the project. Auris manages exploration on all other tenements, including those that are subject to arrangements with third parties.
Figure 3: Auris' copper-gold exploration tenement portfolio, with Sandfire (SFR),
Northern Star (NST), Westgold (WGX), Fe Ltd and Gateway JV areas indicated
Notes:
AURIS MINERALS LTD ABN 77 085 806 284
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Auris Minerals Ltd. published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 21:45:03 UTC.