Aurelia Metals Limited Announces Gold and Base Metal Intercepts Extend Federation Deposit
January 26, 2022 at 04:34 pm EST
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Aurelia Metals Limited provided an update to ongoing infill and extensional drilling at the Federation deposit, located ten kilometres south of the Company's operating Hera Mine. Significant additional drilling has now been completed in this area with the new results amongst the best
encountered since drilling commenced at Federation, including: 6.7 metres at 38.6% Pb+Zn, 7.2g/t Au, 23g/t Ag & 1.2% Cu from 388.7m; 18.2 metres at 34.4% Pb+Zn, 13.1g/t Au, 10g/t Ag & 0.5% Cu from 427.8m, including; 5.0 metres at 62.7% Pb+Zn, 47.2g/t Au, 11g/t Ag & 0.2% Cu from 432.0m; 57.0 metres at 23.7% Pb+Zn, 0.1g/t Au, 11g/t Ag & 0.3% Cu from 584.0m, including; 11.9 metres at 47.9% Pb+Zn, 0.2g/t Au, 18g/t Ag & 0.3% Cu from 598.1m; 14.0 metres at 31.1% Pb+Zn, 0.3g/t Au, 11g/t Ag & 0.1% Cu from 323.0m, including, 7.0 metres at 48.0% Pb+Zn, 0.4g/t Au & 15g/t Ag from 329.0m, 29.9 metres at 24.2% Pb+Zn, 3.9g/t Au, 12g/t Ag & 0.5% Cu from 350.1m, including, 3.0 metres at 1.9% Pb+Zn, 23.4g/t Au, 2g/t Ag & 0.7% Cu from 357.0m, and 13.3 metres at 47.4% Pb+Zn, 1.8g/t Au, 21g/t Ag & 0.7% Cu from 363.5m. 18.6 metres at 48.1% Pb+Zn, 1.3g/t Au, 28g/t Ag & 0.4% Cu from 346.4m, including 10.0 metres at 61.6% Pb+Zn, 0.8g/t Au, 29g/t Ag & 0.4% Cu from 348.0m. The recent drill results have expanded the known extent of the Federation deposit as highlighted which shows the location of the latest high grade results relative to the mine design prepared for the March 2021 Scoping Study. These mineralised extensions are immediately adjacent to the Scoping Study design and will be incorporated into the mine design being prepared for the Federation Project Feasibility Study. The tenor of the gold grades encountered in new holes FDD164W2 (including 5 metres at 47.2g/t Au) and FDD156 (3 metres at 23.4g/t Au), along with previously announced results for hole FDD150W2 (5 metres at 41.7g/t Au), also confirm the presence of another exceptionally high grade gold zone at the southwestern extent of the known deposit. This mineralisation remains open and/or sparsely drilled along strike and will be the focus of ongoing work in the coming quarter.
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 
