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Caravel Minerals (ASX:CVV) receives first copper results from Bindi
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  • Aeris Resources (AIS) extends the copper mineralisation at its Constellation deposit at its Tritton tenements in NSW
  • The materials stock has been carrying out diamond drilling at the site and says all five of the holes drilled so far have intersected copper
  • Two of the holes hit 20-metre-thick sulphide packages with visual chalcopyrite, while the copper mineralisation has also been traced 200 metres along strike
  • The company has three drilling rigs operating at Constellation, which remains open at depth and along strike
  • AIS shares have entered a trading halt, having last traded at 20.5 cents each

Aeris Resources (AIS) has extended the copper mineralisation at its Constellation deposit at its Tritton tenements in NSW.

The materials stock has drilled five diamond drill holes at the deposit, with each one intersecting copper.

Specifically, two of the holes hit 20-metre- to 22-metre-thick sulphide packages with visual chalcopyrite along the southern margin — with assays now pending.

Source: Aeris Resources.

Down-hole electromagnetic surveying has also detected two down-hole EM plates 1150 metres down plunge, and 300 metres beyond the drilling footprint.

AIS said the copper mineralisation at Consteallation has also been traced 200 metres along strike and remains open to the south and down plunge.

Aeris’ Executive Chairman Andre Labuschagne said the results are pleasing and further exploration work is continuing.

"With three drill rigs operating at Constellation currently there is a lot happening," Mr Labuschagne said.

"What is pleasing is that Constellation continues to surprise on the upside.

"These latest results, which indicate strike and depth extensions, further increase the potential for the Constellation deposit to be a significant discovery. There is more work to do but we like what we see so far."

Following the news, AIS shares entered a trading halt, having last traded at 20.5 cents each.

AIS by the numbers
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