Announcement Date: 2022-03-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: AIC Mines Ltd.
Project name: Marymia
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 0.93g/t Au from 24m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to report assay results from reverse circulation (RC) drilling programs completed at the Copper Hills prospect and the Middle Island target at the Marymia Project. The results have confirmed the presence of copper sulphide mineralisation below an extensive copper oxide zone at the Copper Hills prospect and anomalous gold in oxide and fresh rock at the Middle Island target. The Copper Hills Belt (100% AIC Mines) is interpreted as a preserved portion of Paleoproterozoic basin rocks, equivalent to the Bryah, Yerrida or Padbury basins, accreted to the northern margin of the Archean Marymia Inlier. It hosts the Copper Hills prospect where oxide copper mineralisation associated with discontinuous stringers of malachite and azurite were discovered in the 1970’s (for further details see AIC Mines’ ASX announcement “Marymia Project Exploration Update” dated 24 June 2020).
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