BASE METALS

Auris encouraged by Westgold's copper hits

AURIS Minerals has been encouraged by copper drill results north of Meekatharra following work done by joint venture partner Westgold Resources mainly targeting gold.

 Auris ground in the Bryah Basin, WA

Auris ground in the Bryah Basin, WA

While Westgold's work at the Forrest deposit was principally focused on the leached gold cap, one of the deeper holes drilled on behalf of the JV hit 32m at 1.8% copper from 111m. 

Auris said the drilling was done within or in proximity to the existing resource and as such wasn't expected to have any material impact on the current copper resource estimation - 2.4 million tonnes grading 1.7% copper for 41,500t. 

"However, the significant intersections do reinforce the strong copper geochemistry within the near‐ surface at the Forrest deposit," Auris said. 

The junior's current diamond drilling at Forrest is focusing on the interpreted extensions of this surface geochemistry. 

Auris has 80% of the rights to all minerals at the project - located in the Bryah Basin - a except gold, with Westgold having all rights to the precious metal. 

Auris started the current quarter with A$5 million cash. 

Shares in Auris were down 3% to 9.4c in afternoon trade, capitalising the company at $45 million. 

The stock is up from levels around 1-2c 12 months ago, but is little changed since last August. 

Interest in the company increased last year when it acquried the advanced Sams Creek gold project in New Zealand.  

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