PAIV:Aurora Minerals shares soar 42% after maiden copper strike at Glenburgh Project
Aurora Minerals (ASX: ARM) received strong support from investors today, who bid the stock up 42% throughout the day to close at $0.22, after the company's maiden copper strike at the Glenburgh Project.
Aurora hit broad zones of up to 21 metres at 0.5% copper from reverse circulation drilling, with highlights including multiple intersections greater than 1% copper.
There was also a high grade hit of one metre at 2% copper.
The potential remains for Aurora to hit more copper, with mineralisation open along strike and at depth.
The drilling program was designed to test copper-in-soils anomalies, and from these zones form semi-continuous anomalies over a strike length of 6 kilometres situated immediately south of a prominent East-West fault zone.
At the Western end of the soil anomaly rock chip samples have also been recorded displaying high-grade secondary copper minerals.
Glenburgh consists of twelve granted exploration licences and one application, and is located in the Gascoyne Metamorphic Complex of central Western Australia.
With stage one drilling complete with delineated targets, Aurora is seeking a reverse circulation drill for high priority follow-up drilling.
Additional information will also soon be received with processing of the airborne VTEM survey flown in April is nearly complete.