- AIC Mines (ASX:A1M) announces positive results from drilling at its Sandy Creek and Artemis prospects in North Queensland
- The drilling forms part of A1M’s project strategy to expand the mine life of its Eloise copper mine
- The results will be used to complete an updated mineral resource estimate this year
- A1M shares last traded at 30 cents
AIC Mines (ASX:A1M) has announced positive results from drilling at its Sandy Creek and Artemis prospects in North Queensland.
The drilling forms part of A1M’s project strategy to expand the mine life of its flagship Eloise copper mine. The two prospects lie within trucking distance of the Eloise processing plant.
Drilling at Sandy Creek followed a southerly plunge, with highlights including 1.1 per cent copper across 7.1 metres and 0.2 grams per tonne (g/t) of gold with 7.67g/t of silver from 359.9 metres.
This drilling has extended the already discovered mineralised zone by 100 metres down plunge, with one significant intercept grading at 3 per cent copper over two metres, 0.2g/t of gold and 2.15 g/t of silvery from 56.3 metres.
Drilling at the nearby Artemis also intersected mineralisation down-plunge, with 2.4 per cent copper over two metres to a depth of 468 metres, which A1M believes carries the further potential for more mineralisation to be intercepted at depth.
“AIC Mines holds tenements covering approximately 2000 square kilometres surrounding the Eloise mine, this highly endowed area contains a strong pipeline of targets that we believe will extend the Eloise project well beyond 10 years,” AIC Managing Director Aaron Colleran said.
“This short program of drilling at the Sandy Creek and Artemis prospects has successfully confirmed that mineralisation remains open at depth and further drilling is clearly warranted at both prospects.”
A1M announced it would use the results to complete an updated mineral resource estimate this year.
A1M shares last traded at 30 cents.