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  • Gold and Base Metals explorer Auris Minerals (AUR) has a busy five months ahead at its Bryah Basin tenements and Sam Creek Project areas
  • In the Bryah Basin, the company is currently undertaking an induced polarisation (IP) survey, which will be followed by a drilling program
  • Drilling is also planned at Feather Cap and Morck Well
  • While over at New Zealand, Sams Creek drilling is expected to commence in November
  • Auris is well funded for the exploration as it is currently completing a capital raising of $12.9 million
  • On market close, Auris is flat and trading for 9.7 cents per share

Auris Minerals (AUR) has a busy five months ahead at its Bryah Basin tenements and Sam Creek Project areas.

The company is exploring for base metals and gold in the Bryah Basin of Western Australia and has eight projects in the area. The projects include Forrest, Cashman, Cheroona, Doolgunna, Morck Well, Feather Cap, Milgun and Horseshoe Well.

Additionally, Auris recently purchased the Sam Creek Gold Project in New Zealand from Sandfire Resources.

Bryah Basin

Forrest Project

Work in the Forrest Project includes an induced polarisation (IP) survey, which is currently underway at the Forrest Project. The survey aims to find anomalous zones along a 4.5-kilometre strike and is expected to be completed by mid- November.

A diamond drilling program of around 2500 metres is proposed at the Forrest Project for the first quarter of 2021 and is aiming to test the anomalous zones identified from the IP survey.

Feather Cap

An aircore drilling program is planned at Feather Cap, which includes 6000 metres of drilling to test two regional gold targets. The program is planned for the fourth quarter of 2020.

Morck Well

In 2018, Auris signed a farm-in agreement with Sandfire for the Morck Well East and Doolgunna projects.

Under this agreement, Sandfire has the right to earn a 70 per cent interest in the projects once it completes the feasibility study- on a discovery no less than 50,000 tonnes of contained copper.

Currently, 650 aircore holes remain to be drilled and a follow up reverse circulation (RC) drilling will be planed in the December 2020 quarter.

Sams Creek

Over at New Zealand, Sandfire will be commencing a diamond drill program next month. The drilling program includes a minimum of six diamond holes for approximately 900 metres.

Auris is well funded as it is currently completing a capital raising of $12.9 million.

Chief Operating Officer, Mike Hendriks, is pleased to announce the company’s vision for the next five months.

“This is an exciting time for Auris as we have worked hard to establish a portfolio of high-quality gold and copper prospects and we now have a clear line of sight on our near-term exploration programs,” he said.

“Auris’ ability to roll out this comprehensive program is supported by the near-term exercising of options which expire on 30 November 2020, providing us with up to $12.9 million in additional funding,” he added.

On market close, Auris is flat and trading for 9.7 cents per share.

AUR by the numbers
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