Aeris Resources is well-positioned to update the Golden Plateau mineral resource in the next half-year and progress an economic assessment of the project, according to executive chairman Andre Labuschagne.

He was commenting upon the release of the latest drilling results from the project, located 1km north of the Cracow processing plant and 2km east of the company’s underground mining operations at the Western Vein field.

High-grade gold intersections returned from the Main, North and East lodes at Golden Plateau include:

• GPS160 – 14.2m at 9.1g/t gold from 172.2m (Main lode)
• GPS148 – 2.5m at 8.9g/t gold from 185.3m (Main lode)
• GPS168 – 6.7m at 5.2g/t gold from 188.0m (Main lode)
• GPS171 – 32.2m at 1.4g/t gold from 167.0m (Main lode)
• GPS171 – 2.1m at 4.4g/t gold from 263.9m (North lode)
• GPS169A – 18.5m at 2.4g/t gold from 220.8m (East lode)

The company is undertaking a 14,000m drill program, which is about 75 per cent complete.

“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,” Mr Labuschagne said.

“The high-grade intersection in GPS160 is a standout result and reinforces our growing confidence in the remnant potential of Golden Plateau.

“Several of the higher-grade intersections reported to date occur between and around historical underground workings that targeted high-grade shoots.

“While these results are encouraging, further drilling is required to determine the extent and continuity of the high-grade mineralisation.”