Aeris (ASX:AIS) shows high grade potential at Avoca Tank

Aeris Resources’ first drill hole has intersected several high-grade copper lenses and a high-grade gold lens at the Avoca Tank Project, part of the Company’s 100% owned Tritton Operations in NSW.

The outstanding underground diamond drill results are a flying start for the program focused on de-risking the initial 80m high production block, scheduled to commence production in the June quarter.

The Company said grades of up to 10.7m @ 5.48% Cu, 0.30g/t Au and 9.7g/t Ag from 428m (10.71) have confirmed the viability of the initial (80m vertical) production block and provide exciting anticipation of what is yet to be uncovered when a second drill rig arrives in coming weeks.

Cross-section view looking southwest showing current Avoca Tank Mineral Resource footprint and high-grade assay results above 0.5% Cu reported from drill hole ATEL001.

Other first-hole highlights include:

• 2.6m @ 2.94% Cu, 1.66g/t Au and 68g/t Ag from 416m (2.61)
• 6.0m @ 0.36% Cu, 2.78g/t Au and 31g/t Ag from 410m (6.01

“This latest drilling confirms the high-grade nature of the Avoca Tank deposit and its importance as a new ore source for the Tritton Operations,” Executive Chairman Andre Labuschagne said.

“The addition of a high-grade gold lens is an interesting discovery that will be followed up with further drilling.

“The Avoca Tank deposit remains open down plunge, with mineralisation intersected last year 75m below the current Mineral Resource envelope.”

Price Action

The Company’s ASX-listed shares are 61.5c at pre-Market Open.

About Aeris Resources

Aeris Resources is a mid-tier base and precious metals producer. It’s copper dominant portfolio comprises four cash operating assets, a long-life development project and a highly prospective exploration portfolio, spanning Queensland, Western Australia, New South Wales and Victoria, with headquarters in Brisbane.

Aeris has a strong pipeline of organic growth projects, an aggressive exploration program and continues investigating strategic merger and acquisition opportunities. The Company’s experienced board and management team bring significant corporate and technical expertise to a lean operating model. Aeris is committed to building solid partnerships with its crucial community, investment and workforce stakeholders.

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