Australian Gold and Copper Ltd (ASX: AGC) has announced outstanding assay results from three diamond holes drilled at the northern high-grade zone of its Achilles deposit, part of the South Cobar Project in NSW. The results confirm continuity of mineralisation at depth and highlight one of the best intersections ever recorded at Achilles.
Key Highlights:
- Northern high-grade zone now spans 150m at surface and extends beyond 250m depth.
- Hole A3RCD086 delivered:
- 6m at 2,474g/t AgEq; 11.0g/t Au, 942g/t Ag, 0.8% Cu & 17.9% Pb+Zn from 212.65m, inc. 0.9m at 5,332g/t AgEq; 32.9g/t Au, 1,490g/t Ag, 1.4% Cu & 27.8% Pb+Zn from 216.1m
- Assays pending for 11 additional holes in the northern zone.
Glen Diemar, Managing Director of AGC commented, “These new results are truly exceptional and further enhance the value being delivered by consistent follow-up drilling. This intersection in A3RCD086 of 6m at 2,474g/t AgEq ranks as one of our best holes at Achilles to date. To receive these results at a time when the silver price is hitting new highs is serendipitous.
“Our aim this year was to keep the diamond drill rig in locations with potential for very high grades, and to enhance our knowledge of the geology and the structural complexity at Achilles. This strategy is paying off.
“The high-grade northern area is now shaping-up as a coherent zone that spans 150m in length and over 250m in depth. This zone remains open and assays are pending for another 11 holes within this area and we eagerly await those results.”
The latest results build on previous intersections, including 5m at 1,204g/t AgEq from 141m and near-surface oxide mineralisation of 5m at 1,851g/t AgEq from 30m. Drilling for 2025 is nearing completion, with 14 holes targeting depth extensions. The mineralised zone remains open in all directions, and AGC plans further drilling to test lateral and depth extensions.
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