AGC 0.00% 29.0¢ australian gold and copper ltd

Patience is key, but hopefully we are close to a new...

  1. 32 Posts.
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    Patience is key, but hopefully we are close to a new announcement - either drilling commencement/completion at Boxdale or assay results for Pattons.

    Based on timing of previous announcements: took 12 days to mobilise & complete Pattons drilling, 5 days to mobilise to Achilles 3 and 16 days to complete drilling at Achilles 3 = 21 days total. Then 16 days again to complete drilling at Mt Boorithumble which is very close to Achilles 3. Has now been 25 days since last drilling completed, so factoring in the larger task of mobilisation back to Boxdale, must be very close to a new announcement.

    Of course, assay results are what we really want, but take a long time. Magmatic had a gap of 76 days between Kingswood drilling and results announcements this year, and Alice Queen had a 73 day gap between Boda 1 drilling and results announcements in 2020. Both are close by to AGC. It has now been 74 days since our first drilling at Pattons, so considering there is a lot of drilling going on in the East Lachlan region, hopefully we get results in the next week or two!

 
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