- Australian Gold and Copper (AGC) returns “strong” near-surface assays from drilling at its Moorefield gold project in central New South Wales
- The company received results for 14 reverse circulation (RC) holes drilled across three anomalous areas, with better intercepts including five metres at 4.16 g/t gold from 24 metres
- Follow-up drilling will also test two newly identified anomalies
- AGC shares down 5.32 per cent to 8.9 cents
Australian Gold and Copper (AGC) has returned “strong” near-surface, first-pass drilling results at its Moorefield gold project in central New South Wales.
The pick of the intersections from 14 reverse circulation (RC) holes drilled across the four-kilometre Boxdale gold trend was five metres at 4.16 grams per tonne gold from 24 metres within a broader 33-metre interval grading 1.1 g/t from three metres at anomaly three.
Other notable assays included one metre at 5.24 g/t from 81 metres at anomaly one.
Three anomalies were drill tested at the Boxdale prospect and the company said follow-up drilling would also probe two newly identified anomalies.
Australian Gold and Copper said the Boxdale target occurs along the project’s 15-kilometre-long Boxdale to Carlisle Reefs gold trend.
“These results are very exciting given we have only drilled three anomalies in a 15-kilometre gold trend,” Managing Director Glen Diemar said.
“Our aggressive forward program includes 4,500 metres of RC drilling further testing anomalies one to three and recently identified new anomalies, as well as extensive soil sampling to identify more anomalies as we move south to our Carlisle Reefs gold target where we are awaiting assays from recent drilling.”
AGC shares were trading 5.32 per cent lower today at 8.9 cents 1:13 pm AEDT.