Aeon Metals (ASX:AQR) has intersected 32 metres at 1.5% copper, 0.23% cobalt, 21g/t silver, 925 metres from a previous discovery hole, its Walford Creek project in Queensland.
This intersect included higher grade copper zones of 10 metres at 2% copper from 219 metres and 12 metres at 1.9% copper from 239 metres.
This high grade hole also shows good continuity with previous near-surface historical holes, which will increase the confidence in the current indicated and inferred resource.
The current drilling program is focussing both on extension drilling along strike to the main resource and deeper drilling to test the highly prospective lower Pyrite Lens 3.
Aeon controls a swathe of base and precious metals projects in Queensland which it plans to consolidate around a central mining hub.
The company is also involved in an exploration and earn-in joint venture agreement over tenement EPM 17060 in Queensland with mining giant Rio Tinto (ASX: RIO).
Rio can earn an initial 70% interest in the tenement by spending a total of $2.7 million over four years.
