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Australian Gold and Copper extends Achilles copper and base metals target

The total length of known base-metal soil anomalies has extended from 350 metres to 3 kilometres, and all three anomalies are considered open.

Australian Gold and Copper Ltd - Australian Gold and Copper extends Achilles copper and base metals target
The drill plan has been extended to also drill into the new soil anomalies.

Australian Gold and Copper Ltd (ASX:AGC) has extended Achilles copper and base metal target following the completion of a large sampling program using portable X-Ray fluorescence (pXRF) along the Achilles shear zone southward from the recent drilling, at its 100% owned Cargelligo licence in central NSW.

The results highlighted two encouraging new base-metal anomalies alongside the recently drilled Achilles’ copper/base-metals target.

The total length of known base-metal soil anomalies has extended from 350 metres to 3 kilometres, and all three anomalies are considered open as they look to extend under shallow transported cover in areas of low topography.

Achilles base-metal target

To validate the pXRF soil sampling program, the soil sampling program traversed the already known 350 metres long, Achilles lead, copper, arsenic soil anomaly in order to compare the new pXRF results with the previous laboratory analysed soil samples. 

The results demonstrated a good correlation and provide confidence in the pXRF procedures employed.

This Achilles soil anomaly saw significant drill results with hole AC3RC004 which intercepted:

  • 5 metres at 4.9% lead + zinc, 0.3% copper, 5 g/t silver from 89 metres;
  • 1 metre at 10.7% lead + zinc, 1.4% copper, 12g/t silver from 89 metres; and
  • 46 metres at 1.0% lead + zinc, 0.1% copper and 2 g/t silver from 73 metres.

Satellite images of Achilles with copper (left) and lead (right) pXRF soil results showing their prominent locations along the Achilles shear zone.

Follow up and extended drilling

Follow up drilling is planned in mid-June and will target underneath the recent copper and base-metal intercepts including 5 metres at 4.9% lead+zinc, 0.3% copper, 5 g/t silver.

The drill plan has been extended to also drill into the new soil anomalies.

A rig is secured and drill permitting is underway for up to twenty RC/DD holes.

Downhole EM will be completed as soon as a contractor is available, and an aeromagnetic and radiometric survey is also scheduled for July to be flown over the Cargelligo licence.

Quick facts: Australian Gold and Copper Ltd

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