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- AIC Mines (A1M) has been granted an exploration license for the northern half of its Lamil Gold-Copper Project, allowing for the commencement of an extensive fieldwork program
- The project sits in the Paterson Province of Western Australia, which is considered to be largely under-explored
- Campaign planning is currently underway, and is expected to include a combination of reverse circulation and diamond core drilling
- Surveys in support of the drilling are scheduled from late July until early August this year, with drill work anticipated to begin in September
- AIC Mines is trading 6.25 per cent lower at market close, priced at 30 cents each
AIC Mines (A1M) has been granted an exploration license for the northern half of its Lamil Gold-Copper Project, allowing for the commencement of an extensive fieldwork program.
Located 500 kilometres east of Port Hedland in the Paterson Province of Western Australia, the Lamil Project sits between the prominent Telfer Gold-Copper Mine and the Nifty Copper Mine.
While exploration in the region has picked up over the last few years, partly due to Rio Tinto’s discovery of the Winu Copper Deposit, Paterson Province is considered to be largely under-explored due to its remoteness and relatively deep cover.
AIC Mines had previously thought that the depth of cover to the main targets at the Lamil Project was at least 400 metres. However, following an airborne magnetic survey in March 2019 and the more recent analysis of additional geophysical data, the depth of cover is now thought to be only 100 metres.
The planning phase for a maiden drilling campaign at the Lamil Project is currently well underway, and is expected to include a combination of reverse circulation and diamond core drilling.
Various surveys in support of this work have been scheduled for late July until early August this year, with drilling anticipated to begin in September.
Infill surface geochemical surveys are also due to begin in late July, and will target previously discovered areas of anomalism to further refine the proposed drill targets.
In addition, depth to basement modelling encompassing the entire Lamil Project is currently being refined to guide all of the ongoing exploration activities. This may be supported with additional geophysical surveys.
AIC Mines is trading 6.25 per cent lower at market close, priced at 30 cents each.
