Aeris Resources ups resource by 260%
Aeris Resources (ASX:AIS) said today an updated Roses Pride Mineral Resource estimate represents a 260% increase in total contained gold ounces compared to the previously reported Mineral Resource, published in December 2019.
The Roses Pride is part of the company's Cracow Gold Operations located 500 kilometres north-west of Brisbane, Queensland. On 1 July 2020, Aeris completed the acquisition of the Cracow Gold Operations in Queensland. On its website Aeris said Cracow is a high-grade, low cost gold mine that has been operating continuously since 2004. Production guidance for FY2021 is between 70,000 and 75,000 ounces of gold.
The updated Mineral Resource contains 177,000 tonnes at 4.6 grams per tonne gold for 26.1 thousand ounces of gold.
A surface RC drill program completed in June 2020 targeting mineralisation along strike (north) from the mined Roses Pride deposit is largely responsible for the increased Mineral Resource.
Further drilling is planned in the first half of 2021.