Announcement Date: 2022-07-05
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Australian Gold and Copper Ltd.
Project name: Moorefield
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 13m @ 1.62g/t Au from 40m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Australian Gold and Copper Limited (‘AGC, the ‘Company’) (ASX:AGC) is pleased to report on the drill results from the 15 kilometre Boxdale-Carlisle Reefs gold trend at the Moorefield Project in central New South Wales. Twenty-three RC holes (2,370m) were recently completed at the Boxdale gold target. To date, thirty-eight RC holes have been drilled at Boxdale by AGC and ten holes historically (ASX: AGC IPO Prospectus 18 Nov 2020), resulting in multiple, near surface gold zones being discovered across the +3km Boxdale area. The most recent program targeted extensions to mineralisation at Anomaly 1 to Anomaly 3, with a new area of gold mineralisation also discovered in the south-eastern portion of the Boxdale trend. Anomaly 1 strikes north to south with recent drilling focused on extending mineralisation southward. The new results extend the mineralised zone to the south by 200m, with the total strike now over 300m in length. The mineralisation remains open in both directions, with the highest recent grades drilled on the southernmost hole, BXRC021, including an intersection of 12m at 0.62g/t Au.
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