Sandfire Resources (ASX:SFR) and Auris Minerals (ASX:AUR) have provided an update on exploration during the December 2022 quarter across the Morck Well Joint Venture in the Bryah Basin in Western Australia.
Sandfire Resources withdrew from the JV effective last week, and Auris says Sandfire contributed towards the development of the Morck Well JV since 2018, which has produced several highly anomalous gold and base metal targets.
Auris Minerals says eight holes for 1,166m were completed between the Citra and McLean Well prospects during the quarter, with significant results including 23m @ 0.50% Zn and 0.10% Pb from 125m, and 32m @ 0.19% Zn from 80m.
Following the announcement, shares of Sandfire Resources (ASX:SFR) were up 3.81%, and Auris Minerals up 14%.