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FINWIRES

Aurelia Metals Says Exploration Drilling at New South Wales Mine Discovers Polymetallic Lens

-- Aurelia Metals (ASX:AMI) said exploration drilling program at the Federation mine in New South Wales extended the high-grade Federation West mineralization down-dip by around 70 meters and discovered a new polymetallic lens further northwest, the Harley lens, according to a Thursday Australian bourse filing.

The program encountered an intercept of 9 meters at over 28% grade of zinc, more than 15% grade of lead, 1.2% grade of copper, 0.9 grams per tonne (g/t) grade of gold, and 27 g/t grade of silver from 389 meters at Federation West, as well as 2.9 meters at 3.1% grade of zinc, 1.4% grade of lead, 1.6% grade of copper, 0.3 g/t grade of gold, and 7 g/t grade of silver from 439.3 meters at the Harley lens.

The company also completed two drill holes at the Lancelot prospect area, also in New South Wales, to test coincident chargeability, conductivity, and magnetic geophysical anomalies as well as copper, lead, and zinc surface geochemistry anomalies.

Aurelia Metals' shares shed 1% in recent Thursday trade.

An air core drill program was undertaken to test basement geochemistry at the Lyell prospect in New South Wales.

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