Announcement Date: 2022-05-23
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: AIC Mines Ltd.
Project name: Marymia
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 28m @ 0.14% Cu from 168m
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 further assay results from reverse circulation (RC) drilling programs completed at the Copper Hills prospect and the Hermes North target at the Marymia Project, Western Australia. Results from the remaining four holes drilled at the Copper Hills prospect in 2021 have confirmed the continuation of copper sulphide mineralisation over a strike length of 5 kilometres. 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. Nine RC holes were drilled in late 2021 to test for primary copper sulphide mineralisation below a historically recognised 7 kilometre trend of copper oxide enrichment (Figure 2). Assay results from the first five holes were reported in March 2022 (see AIC Mines’ ASX announcement “Drilling Results from Marymia Project, Murchison WA” dated 28 March 2022). Assay results from the remaining four holes have now been received. Significant intervals include
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