FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Auris Minerals confirms solid gold for Feather Cap

2 November 2021
Rueben Hale
Gold bars sitting over a bar graph. Selective focus. Horizontal composition with copy space. Stock market and finance concept.

Auris Minerals has intercepted significant gold mineralisation recent drilling at the Durack East prospect, part of the company’s Feather Cap Gold project, north of Meekatharra, in Western Australia.  

The gold and base metals explorer uncovered 1.22 grammes per tonne of gold over a section of 10-metres at the site, taking in a tenement portfolio of over 1400 square kilometres. 

The highlight discovery shone brightly amongst solid results at 560m along strike to the northwest from the recently reported high-grade intercept of 8m @ 5.44g/t Au from 87m, including 1m @ 26.7g/t Au from 87m.  

The intercept was also close to the untapped potential at 970m to the east along the strike. Historical exploration returned 20m @ 3.01g/t Au from 40m, including 4m @ 10.7g/t Au.  

The company said the encouraging results appear to validate the extension of the existing 2.5km mineralised strike from the Morck Well Project to the east into Feather Cap.   

“Given the location of Feather Cap and the significant mineralisation at Durack to the west and Morck Well to the east, we are aiming to define a total mineralised strike of 5.7km,” managing director Mike Hendriks said.   

“We are looking to fast track follow up drilling with a four-hole RC programme planned immediately and an infill Air Core programme to be planned on receipt of heritage clearance and remaining results.” 

AUR’s Australian Stock Exchange-listed shares had risen 2.08 per cent, trading today at were trading at 4.9c (12:55 am UTC+ 8 hours). 

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!