- Australian Gold and Copper (AGC) has completed its third reverse circulation (RC) drilling program since its listing in January
- Drilling was undertaken at the Cargelligo Project in NSW to test the Mt Boorithumble gold and base-metal target
- Six holes were drilled across the project, intersecting encouraging zones of alteration and base-metal sulphides
- Samples have been sent to a laboratory in NSW for analysis with results to be reported on once received
- Furthermore, AGC is waiting on results from drilling recently undertaken at the Pattons and Achilles 3 prospects which are expected in the coming weeks
- AGC is down 5.41 per cent on the market and shares are trading at 17.5 cents
Australian Gold and Copper (AGC) has completed its third reverse circulation (RC) drilling program since its listing in January.
Drilling was undertaken at the Cargelligo Project in NSW to test the Mt Boorithumble gold and base-metal target.
The 227 square kilometre Cargelligo Project lies 15 kilometres west of Lake Cargelligo and is made up of one exploration licence.
It consists of multiple drill ready gold-polymetallic prospects which are characterised by soil geochemistry and electromagnetic (EM) conductors.
Six holes, for 1075 metres, were drilled across the project, intersecting encouraging zones of alteration and weak base-metal sulphides.
One of these zones was intersected along strike from a large EM conductor, which AGC will target in further drilling.
Samples have been sent to a laboratory in NSW for analysis with results to be reported on once received.
Furthermore, AGC is waiting on results from drilling recently undertaken at the Pattons and Achilles 3 prospects.
AGC is down 5.41 per cent on the market and shares are trading at 17.5 cents at 1:07 pm AEDT.