- Australian Gold and Copper’s (AGC) latest soil sampling programme extends a target within its Cargelligo licence from 350 metres to three kilometres
- The soil sampling effort was completed along the Achilles share zone, which falls within AGC’s licence situated in Cobar Basin in Central New South Wales
- Findings outline two new base-metal anomalies alongside the recently drilled Achilles copper-base-metals target
- Permitting is underway for up to twenty follow-up reverse circulation and diamond drill holes
- Australian Gold and Copper shares are up 1.61 per cent and trading at 15.8 cents at 11:42 am AEST
Australian Gold and Copper’s (AGC) latest soil sampling programme has extended a target within its Cargelligo licence from 350 metres to three kilometres.
The discovery is the result of a soil sampling effort undertaken by AGC completed along the Achilles shear zone southward from recent drilling, which falls within its 100 per cent owned licence in the Cobar Basin in Central New South Wales.
AGC said the results highlighted two encouraging new base-metal anomalies alongside the recently drilled Achilles copper-base-metals target, with the total length of known base-metal soil anomalies now extended to three kilometres.
In addition, the explorer considers all three anomalies as open as they look to extend under shallow transported cover in areas of low topography.
Follow up drilling has been planned for mid-June and is set to target underneath the recent copper and base metal intercepts released in May with permitting said to be underway for up to twenty reverse circulation and diamond drill holes.
Australian Gold and Copper shares were up 1.61 per cent and trading at 15.8 cents at 11:42 am AEST.