Sydney, Australia (ABN Newswire) - Aurelia Metals Ltd.
(ASX:AMI) is pleased to provide an update on exploration at its Hera gold-lead-zinc project.
HERA NORTH EXTENDED
The first hole (HRD060) of the 2015 exploration programme, designed to extend the Hera North Pod mineralisation has intersected high grade gold-lead-zinc-silver mineralisation including visible gold. The Hera North Lens mineralisation lies outside the existing Hera Resource. HRD060 intersected:
- HRD060: 3.65m @39.7g/tAu, 243g/tAg, 972ppm Cu, 7.91% Pb, 11.3% Zn, which includes:
1.00m @ 141.5g/t Au, 463g/t Ag, 17% Pb and 14.6% Zn
A follow-up hole, HRD060W1, has been completed as a wedge hole approximately 50m above the intersection in HRD060. HRD060W1 intersected strong lead-zinc sulphides from 502-509.5m down hole. Assay results for hole HRD060W1 are pending.
Holes HRD060 and HRD060W1 confirm the continuity of the high grade Hera North mineralisation, and the likelihood that the Hera North Lens will join with the Hera Far West Lens, to represent a material extension of known mineralisation.
The intersection in HRD060 is approximately 120m down plunge of previous high grade results in hole HRD059W1 which intersected very high grade gold-lead-zinc-silver grade mineralisation:
- HRD059W1: 17.1m @ 14.8g/t Au, 168g/t Ag, 15.9% Pb and 15.2% Zn from 387.3m
The position of holes HRD060 and HRD060W1 are presented on long section on the following page, and the results are presented as table 1 and 2 with this release.
Drilling at Hera North is continuing to confirm the link between Hera North and Hera Far West, as well as to test the conceptual 'Beyond' target area, which lies further to the north in an area untested by any previous drilling.
Aurelia's Managing Director, Rimas Kairaitis, commented:
"Hera keeps getting bigger. These results are very exciting and help confirm our confidence that the high grade Hera North Mineralisation will link with the Hera Far West Lens. Drilling continues at Hera North and we are very enthusiastic about the potential for further success at the Hera North and the Beyond target"
ABOUT THE HERA-NYMAGEE PROJECT
The Hera-Nymagee Project represents Aurelia's flagship Project and consists of the high-grade underground Hera gold-lead-zinc-silver mine (Aurelia 100%) and the Nymagee copper deposit (Aurelia 95%), and is located approximately 100km south-east of Cobar, in central NSW. The deposits are hosted in the Cobar Basin, which also host the major mineral deposits at CSA (Cu-Ag), The Peak (Cu-Au) and Endeavor (Cu-Pb-Zn-Ag).
Aurelia is now in final plant commissioning stages of the Hera project with first production commenced in the September quarter 2014, and first concentrate shipments made in the December quarter 2014. The Hera Mine produces gold and silver doré bars by gravity and concentrate leach and also produces a high-grade bulk-lead-zinc concentrate for sale.
The Company is also currently evaluating the Nymagee copper deposit, located 4.5km to the north, with a view to demonstrating an integrated development of the Hera and Nymagee deposits.
Aurelia maintains a commitment to the ongoing exploration of the Hera-Nymagee Project and considers both deposits have the potential to evolve into very large "Cobar style' mineral systems.
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About Aurelia Metals Ltd:
Aurelia Metals Ltd.
(ASX:AMI) is focused on the development and exploration of the high grade Hera-Nymagee Project in the Cobar district of NSW.
Aurelia is actively drilling the evolving copper deposit at Nymagee with the potential that the Nymagee mineralisation may evolve into another 'Cobar Giant' similar to the world class CSA copper deposit located approximately 100km north-west along strike.
Aurelia also remains active in the exploration for copper, gold and tin on a number of tenements in the Lachlan Fold Belt of NSW.
Aurelia Metals Ltd.