- AIC Mines (A1M) claims its latest drilling results provide further confidence the mine life at its Eloise copper mine in North Queensland can be extended well beyond 2030
- The company today releases results from its resource definition drilling at the Macy target within the Eloise mine, where three holes tested for extensions of mineralisation to the north of the Macy resource
- AIC Mines intersected sulphide mineralisation in each hole, with results including 2.6 metres grading 4.71 per cent copper and 1.11 grams of gold per tonne
- The results round off the initial exploration drilling campaign at the target
- AIC Mines shares climb 6.33 per cent to trade at 42 cents at 1:34 pm AEST
AIC Mines (A1M) has reported its latest drilling results provide further confidence the mine life of its Eloise copper mine could be extended beyond 2030.
The company today released the results from its resource definition drilling at the Macy target within the Eloise mine in North Queensland.
Three holes tested for extensions of mineralisation to the north of the Macy resource, with sulphide mineralisation intersected in all holes.
The results included 2.6 metres grading 4.71 per cent copper and 1.11 grams of gold per tonne (g/t) and 1.6 metres grading 4.86 per cent copper and 0.8 g/t gold.
“These results provide further confidence that ongoing exploration will extend the mine life well beyond 2030,” AIC Mines Managing Director Aaron Colleran said.
“AIC’s exploration strategy at Eloise has two objectives — to delineate extensions to the known resource areas and to discover satellite deposits within the Eloise mining tenements.
“We expect to add significant value at Eloise through exploration.”
Today’s results rounded off the company’s initial exploration drilling campaign at the Macy North and Elrose Levuka North targets, where one hole tested the northern extension of the trend.
AIC Mines shares climbed 6.33 per cent to trade at 42 cents at 1:34 pm AEST.