Aurelia Metals Limited - Hera Exploration Update
30.04.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - Aurelia Metals Limited (ASX:AMI) ("AMI" or the "Company") is pleased to provide an update on exploration at its 100% owned, high-grade Hera gold-lead-zinc project in central NSW.FURTHER STRONG RESULTS AT HERA NORTH
Results have been received from further drillholes testing the Hera North discovery. These results post-date the drilling used in the recently announced Hera Resource Upgrade (ASX 21 April 2015), although they fall within the Hera North Pod shape as used in the estimate. These results will be included in future Resource updates.
Hole HRD061W1 was drilled approximately 50m above the high grade results received in hole HRD061. HRD061W1 intersected the target as two zones of lead-zinc gold mineralisation, assaying:
- HRD061W1: 5.0m @ 1.6g/t Au, 41g/t Ag and 8.4% Pb+Zn from 503m, and
5.0m @ 6.9g/t Au, 23g/t Ag and 4.1% Pb+Zn , from 515m
Hole HRRCD062 was drilled to test the conceptual 'beyond' target, some 120m north of the Hera North Pod. The drill hole ran further south than planned, with weak mineralisation and veining observed. Assay results for this hole are awaited and the drill hole has been cased to run downhole-EM (DHEM) survey to test for massive sulphide mineralisation near the hole.
The position of these holes, together with the results of the other drill holes received this year, are presented on long section below, and the results are presented as table 1 and 2 with this release.
ENCOURAGING RESULTS FROM DRILLING HEBE MAGNETIC ANOMALY
Aurelia has completed the first drill hole, HBRCD001, to test the Hebe magnetic anomaly at depth. The Hebe anomaly lies approximately 1.5km south-east of the Hera deposit, and has been postulated as a likely source of mineralising fluids to the Hera deposit. Shallow drilling of the anomaly by previous companies had returned anomalous gold, lead and zinc assays up to 0.6ppm Au and +3% Pb+Zn.
HBRCD001 intersected very strong chlorite alteration from approximately 200m to end of hole at 552.8m, with a number of zones of weak lead-zinc sulphide mineralisation. Assays for this drillhole remain pending. Whilst the drillhole does not yet represent a discovery, based on visual assessment, the Company is very encouraged as the style and intensity of alteration observed is generally indicative of proximity to economic grades of mineralisation. The drill hole has been cased to run a downhole-EM (DHEM) survey to test for massive sulphide mineralisation near the hole.
Aurelia's Managing Director, Rimas Kairaitis, commented:
"These results, and the results at Hebe in particular, represent another important step forward in the Company's understanding of the Hera mineral system, and further progress toward the next discovery "
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AMI-717631.pdf
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.
Contact:
Aurelia Metals Ltd.
T: +61-2-6363-5200
F: +61-2-6361-4711
E: office@aureliametals.com
www.aureliametals.com