Aurelia Metals Limited Provides Update on Exploration Activities at the Great Cobar Deposit Located to the North of the Company's Peak Mine Near Cobar, New South Wales
October 11, 2021 at 10:43 pm
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Aurelia Metals Limited provided an update on exploration activities at the Great Cobar deposit located to the north of the Company's Peak Mine near Cobar, New South Wales. In June this year the Company reported that multiple zones of high grade copper-gold mineralisation had been intercepted up to 100 metres below the Great Cobar Mineral Resource envelope, including 15 metres at 3.7% Cu in DD21GC0030A and 7.5 metres at 3.4% Cu in DD21GC0030. In early August, the Company recommenced drilling at Great Cobar to further test the potential of this zone, with the first two follow-up holes returning very strong copper mineralisation, including: 13.0 metres at 5.4% Cu, 0.6g/t Au & 15g/t Ag from 995.0m, including, 4.7 metres at 10.8% Cu, 1.2g/t Au & 31g/t Ag from 995.4m, 37.0 metres at 2.6% Cu, 0.2g/t Au & 4g/t Ag from 855.0m, including, 12.0 metres at 4.2% Cu, 0.3g/t Au & 7g/t Ag from 874.0m, 5.7 metres at 2.5% Cu, 0.1g/t Au & 7g/t Ag from 918.3m, 6.0 metres at 2.4% Cu & 4g/t Ag from 995.0m. Full drill hole details are provided in Table 1 and a list of significant new results received for Great Cobar is provided in Table 2. It is noted that assays for only a portion of hole DD21GC0030C, containing an intense chalcopyrite/pyrrhotite/magnetite breccia, are currently available and that the interval reported may not represent the full extent of mineralisation intercepted by this hole. In combination with the previously announced high grade results from DD21GC0030, the exceptional grade of mineralisation in hole DD21GC0030C suggests that there is significant potential to extend the Great Cobar Mineral Resource beyond the current envelope. Drilling is planned to target further extensions including at depth. The Company plans to access the Great Cobar deposit via the development of an approved exploration decline from the New Cobar workings approximately 1.5km to the southeast. A PFS to evaluate an initial mining area, proximate to the exploration decline and within the larger Great Cobar Mineral Resource, is well advanced and due for completion in the December quarter. These most recent drilling results were received after the cut-off date for inclusion in the PFS but highlight the strong potential to extend the proposed Great Cobar underground mining area.
Aurelia Metals Limited is an Australia-based gold and base metals mining and exploration company. The Company owns and operates two underground mines and processing facilities in New South Wales: The Peak Mine is in the Cobar Basin in western New South Wales, and the Dargues Mine is in south-eastern New South Wales. The Peak Mine is located in the northern Cobar Basin, south of Cobar in central-west New South Wales (NSW). The Dargues Mine is a gold mining and milling operation located in the Southern Tablelands region of NSW, approximately 60 km south-east of Canberra. Its preeminent near-term development projects include Federation and Great Cobar. The Federation deposit hosts high-grade zinc, lead, and gold mineralization and is located approximately 10 km south of Hera Mine. The Great Cobar Project involves the development of a satellite base metals and gold deposit, north of the New Cobar mining complex at Peak Mine.
Aurelia Metals Limited Provides Update on Exploration Activities at the Great Cobar Deposit Located to the North of the Company's Peak Mine Near Cobar, New South Wales
AURELIA METALS LIMITED 
