Intersections within the broader interval included 31m at 2.39%...

Intersections within the broader interval included 31m at 2.39% copper from 187m and 17m at 3.41% copper from 200m, with the drilling targeting the down dip extensions of shallower oxide success.
Auris believes the mineralisation zone is consistent with the oxide zone above the massive sulphides discovered at the nearby DeGrussa VMS deposit being mined by Sandfire.
“DeGrussa began as an oxide gold discovery which was later recognised as the residual gold cap above the massive copper sulphide mineralisation,” Auris said.
“This is analogous with the initial exploration drilling at Wodger, which returned elevated gold in the oxide zone and with increasing depth, an increase in the copper oxide mineralisation.”
Follow up testing for a potential fresh massive sulphide resources is planned immediately.
Evans, a geologist recently of Miro Advisors and before that Panoramic Resources, was appointed CEO last week.
Auris started the month with A$3.2 million cash.
Shares in Auris were up 45% to 9c in early trade, capitalising the company at $32.5 million.
The stock was at 5c earlier in July, with $2.5 million raised in May by issuing new shares priced at 7c in a raising was supported by resource sector entrepreneur Michael Fotios.
Related Content