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- AIC Mines (A1M) intersects further high-grade mineralisation from the Eloise Copper Mine in North Queensland
- Resource definition drilling from the Eloise Deeps area intersected mineralisation 75 metres below the lowest current mining level
- The drilling program consisted of 26 holes for over 5000 metres, with the aim of upgrading the resource confidence from the inferred to indicated category
- All phase one drilling results have now been returned, with phase two underway to provide the remaining infill drilling to complete the drilling spacing
- AIC Mines dips 0.99 per cent, trading at 50 cents at 2:19 pm AEST
AIC Mines (A1M) has intersected further high-grade mineralisation from the Eloise Copper Mine in Cloncurry, North Queensland.
Resource definition drilling from the Eloise Deeps area intersected mineralisation 75 metres below the lowest current mining level.
The drilling consisted of 26 holes for a total of 5091 metres, with the aim of upgrading the resource confidence from the inferred to indicated category, up to 100 vertical metres below the lowest mining level.
All phase one results have now been returned, with assays including 2.6 metres at 1.74 per cent copper and 0.34 grams of gold per tonne (g/t) gold.
Phase two is now underway to provide the remaining infill drilling, which looks to complete the drilling spacing.
Meanwhile, surface exploration drilling has kicked off at the Macy North target. Two holes for 1150 metres have been completed, with a third now in progress.
Sulphide mineralisation was intersected within zones of carbonate-silica-chlorite alteration in both holes, with assay results still pending.
AIC Mines dipped 0.99 per cent, trading at 50 cents at 2:19 pm AEST.
