Highlights
- Initial diamond drilling returns notable gold intersections at Golden Plateau.
- Fernyside and Main lodes show continuity near historic mine workings.
- Program advances geological modelling and mine design inputs.
Aeris Resources Ltd (ASX:AIS) released results from the first two diamond drill holes of a planned 30-hole program at the Golden Plateau deposit within the Cracow mining leases in Queensland. The update reported gold intersections from the Fernyside lode and broader stockwork-style mineralisation from the Main lode beneath historic workings. The drilling campaign totals approximately 6,400 metres, with sixteen holes completed at the time of the update and further assays scheduled to be reported progressively. Stock price of the company is surging higher (~6%) on heels of the update.
Location and Historical Context
Golden Plateau is located within current mining leases, around 1 km north of the Cracow processing facility and 2 km east of current underground operations at the Western Vein Field. The Cracow goldfield has recorded historical production of approximately 850,000 ounces between the 1930s and 1990s. Internal geological interpretations reference multiple mineralised lodes based on historical drilling and section data.
Program Scope and Technical Work
The drilling program is designed to validate geological interpretations and confirm void models across historic workings. Data collection includes geotechnical inputs for mine design, samples for metallurgical testing aligned with the Cracow process plant, and geochemical characterisation for environmental planning. Multiple lodes are being tested across broader stockwork zones and narrower high-grade shoots.
Timeline and Next Steps
The diamond drilling program is scheduled to conclude in May, with assay results released on a rolling basis. Results will be incorporated into updated geological models to support mine design and environmental permitting assessments.
Latest trading price (as of Feb 9, 2026): Aeris Resources Ltd (ASX: AIS): AUD 0.52, +0.030 (6.06%)
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