Aeris Resources Extends Golden Plateau Gold Potential With Strong Main Lode Intercepts

Aeris Resources (ASX: AIS) has returned further high-grade gold results from drilling at the Golden Plateau deposit within its 100%-owned Cracow tenement package in Queensland.

The latest assays include 14.2 metres at 9.1 grams per tonne gold from 172.2m at the Main lode, including 4.1m at 26.6g/t Au.

Additional Main lode results included 2.5m at 8.9g/t Au from 185.3m, 6.7m at 5.2g/t Au from 188m, and 32.2m at 1.4g/t Au from 167m.

The results will feed into an updated Mineral Resource estimate (MRE) targeted for the first half of FY27 to underpin an economic assessment of Golden Plateau.

Drilling Validates Model

Golden Plateau is located 1 kilometre north of the Cracow processing facility and 2km east of current underground operations at the Western Vein Field.

The deposit produced about 850,000 ounces of gold from the 1930s to the 1990s, making it the largest historical contributor to the broader Cracow goldfield.

Aeris built the current program from detailed historical section interpretations and more than 1,200 historical drill holes, which supported interpretation of 33 mineralised lodes across the deposit.

The company expanded the drill program from 6,400m to approximately 14,000m following earlier encouraging results, with the campaign now about 75% complete and 55 holes drilled to date.

Main Lode Drives Results

One of the most important historically mined areas at Golden Plateau, the Main lode extends approximately 400m along strike and 250m down-dip.

Recent drilling has intersected the lode and historical stope voids in predicted positions, validating the geological model and confirming mineralisation continuity through the interpreted structural corridor.

The latest high-grade intersections sit adjacent to historical stoping areas, where previous underground mining targeted high-grade shoots and left remnant mineralisation between and around old workings.

Two holes aimed at the Main lode were also extended at depth to test the North lode, with one hole returning 2.1m at 4.4g/t Au from 263.9m in a discrete breccia lode.

East and Ferneyside Add Support

The Main lode splits into the East and South lodes at its eastern margin, creating a structurally complex zone of broad stockwork mineralisation around the junction.

East lode drilling has confirmed consistent gold mineralisation through the stockwork zone, with new results including 18.5m at 2.4g/t Au from 220.8m, and 9m at 1.5g/t Au.

Ferneyside drilling has confirmed mineralisation over a 150m strike length and about 100m of vertical extent, with new results including 4.3m at 2.1g/t Au and 1.3m at 5.2g/t Au in GPS165.

The remaining program will focus on higher-grade continuity in the Main lode at depth, western extensions of the North lode and strike extensions to the East and Ferneyside lodes.

Resource Update Planned

Executive chair Andre Labuschagne said the consistent performance of the geological model had strengthened confidence in the remnant opportunity at Golden Plateau.

“The consistent performance of our geological model continues to impress, with drill holes across the Main, North, and East lodes intersecting mineralisation at their predicted positions and delivering some of our strongest results to date,” he said.

“With the drill program nearing completion, we are well-positioned to update the Golden Plateau MRE in the first half of FY27 and progress an economic assessment of the project.”

Aeris remains focused on advancing Golden Plateau as a potential major ore source for the Cracow operation, with the full drill program scheduled for completion by the end of June.