- AIC Mines (A1M) begins reverse circulation (RC) drilling at its Lamil Gold-Copper Project in Western Australia
- Up to 10,000 metres of drilling will be undertaken with a focus on four high priority target areas and three newly defined targets that have not been drilled
- Drilling will first be undertaken at the Lamil Main Dome target then move to the Desert Pea target
- Once work wraps up, drilling will be completed at the Goodenia and Hovea targets which have never been drilled
- Shares in AIC Mines have been trading steady at 24.5 cents since August 24
AIC Mines (A1M) has begun reverse circulation (RC) drilling at its Lamil Gold-Copper Project in Western Australia.
The 1280 square kilometre Lamil Project lies halfway between Newcrest’s (NCM) Telfer mine and Metals X’s (MLX) Nifty copper mine in the highly prospective Paterson Province.
Up to 10,000 metres of RC drilling will be undertaken with a focus on four high priority target areas and three newly defined targets.
Drilling will be completed at the Lamil Main Dome target to test gold and copper mineralisation associated with a mafic intrusive.
Wide-spaced drilling will then be carried out at Desert Pea to intersect the interpreted position of a northeast fault and the majority of a magnetic anomalism.
AIC Mines believes this drilling will provide insight into the nature of the stratigraphy of the mineralisation.
Once completed, RC drilling will be completed at the Goodenia and Hovea targets which have never been drilled.
The Goodenia Target is defined by co-incident magnetic and gravity anomalies that lie on the eastern margin of a soil copper-lead-zinc geochemistry anomaly.
Two previously drilled RC holes close to the target intersected elevated zinc and lead.
The Hovea Target is defined by a coincident magnetic and gravity anomaly in the north northwest-trending stratigraphy.
Shares in AIC Mines have been trading steady at 24.5 cents since August 24. The company has a $16.83 million market cap.