Australian Gold and Copper (ASX:AGC) has flagged ‘high-grade’ copper and gold results at the Evergreen prospect, part of its South Cobar Project in New South Wales.
The company highlights assays from recent shallow reverse circulation (RC) drilling at hole EGRC018.
The hole returned 16m @ 2.3 grams per tonne gold (Au), 70g/t silver (Ag), 1.4% copper (Cu), 8% zinc (Zn), and 4.1% lead (Pb) from 112m. This includes 6m @ 5.2g/t Au, 157g/t Ag, 1% Cu, 18.4% Zn, and 9.5% Pb, plus 2m @ 6.2% Cu.
Hole EGRC018 was targeted up-dip and more than 20km south of the ‘high-grade’ western discovery zone, which remains open along strike and at depth.
Managing Director Glen Diemar describes EGRC018 as an ‘exceptional’ hole, noting how it yielded “an outstanding result at such shallow depths”.
“With each drilling program, our understanding of the scale and geometry of Evergreen continues to improve,” Diemar says.
“Our approach has been to initially drill at broad spacing to map the mineralised system, then focus drilling on the areas with the strongest grades and widths.
“This strategy has served us well at [the] Achilles [discovery] and is now proving effective at Evergreen.”
AGC expects this recent drilling — part of a 21-hole, 2,593m campaign — to contribute to an initial mineral resource estimate for Evergreen. The company has already reported assays for 18 holes, with the last three still pending.
The company intends to mobilise a higher-capacity RC rig to Evergreen later this quarter after receiving regulatory approvals for a third drilling phase. The rig will test extensions to ‘high-grade’ zones at the project.
Australian Gold and Copper is a mineral explorer focused on discovering and developing precious and base metal deposits in NSW, where the company holds a 2,600km2 landholding.
Write to Paula Fabe at Mining.com.au
