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- Australian Gold and Copper (AGC) says phase two drilling is underway at the Boxdale target in central New South Wales
- The reverse circulation program includes 20 holes to test near-surface gold intercepts and new targets identified by soil sampling
- The 2500-metre program will be carried out along the 15-kilometre Boxdale-Carlisle Reefs gold-arsenic trend
- AGC shares are steady on the market and are trading at 8.4 cents at market close
Australian Gold and Copper (AGC) has begun a phase two drilling program at the Boxdale target within the Moorefield project in central New South Wales.
The reverse circulation (RC) program will include 20 holes, for 2500 metres, to target extensions along the 15-kilometre Boxdale-Carlisle Reefs gold-arsenic trend.
Drilling is specifically targeting near-surface gold intercepts from previous RC drilling which returned assays including five metres at 4.16g/t gold from 24 metres including one metre at 6.74g/t gold.
The phase two program will also test new targets identified by soil sampling. AGC said 994 pXRF soil points have been sampled since phase one drilling and the arsenic-in-soil results both tighten known anomalies for drilling and highlight areas for follow up.
Arsenic is reportedly strongly correlated with gold at the Boxdale-Carlisle Reefs trend and found in high concentrations in the soil and therefore is used as a pathfinder to gold.
Australian Gold and Copper is also waiting on assays from an eight-hole drilling program at Carlisle Reefs.
The rig was mobilised to Carlisle Reefs in January and aimed to test extensions to known mineralisation and under significant mine workings.
AGC shares were steady on the market to trade at 8.4 cents at market close.
