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- Australian Gold and Copper (AGC) identifies a large ultramafic intrusive under the Boxdale-Carlisle gold trend at its Moorefield project in New South Wales
- A 3D magnetic interpretation highlighted the ultramafic body which is interpreted to be the source feeder to gold mineralisation in the overlying deformed sedimentary rocks
- The company believes the large size of magnetic system provides the possibility for a sizeable gold system
- It has wrapped up reverse circulation (RC) drilling at Boxdale, with a total of 23 holes for 2370 metres completed
- Shares are trading 6.45 per cent higher today at 9.9 cents each
Australian Gold and Copper (AGC) has identified a large ultramafic intrusive under the Boxdale-Carlisle gold trend at its Moorefield project in New South Wales.
A 3D magnetic interpretation highlighted a 20 kilometre long, elongate magnetic ultramafic body which is interpreted to be the source feeder to gold mineralisation in the overlying deformed sedimentary rocks.
The company believes the large size of magnetic system provides the possibility for a sizeable gold system.
It has wrapped up reverse circulation (RC) drilling at Boxdale, with a total of 23 holes for 2370 metres completed. This drilling was following up on previous results, targeting near-surface gold intercepts.
Assays are pending from drilling completed at Boxdale and Carlisle Reefs.
Shares were trading 6.45 per cent higher today at 9.9 cents each at market close.
