AGC is searching for large, high-grade Cobar-style copper-gold and base-metals deposits. The Hera gold/base-metals mine and recent Federation discovery are examples of recent Cobar style deposits discovered using lead pathfinders in pre discovery holes under lead in soils, (Cooper, 2017; McKinnon and Munroe 2019).
The Achilles target phase one and phase two RC drill results are highly encouraging in comparison.
ACHILLES TARGET – DIAMOND DRILLING
Drilling is currently halfway through the planned 500m diamond hole. Patches of moderate lead, zinc and copper mineralisation have already been observed, see figures 1 and 2.
The target zone for the best copper mineralisation is 350-500m downhole, so mineralisation this early in the hole is encouraging and demonstrates the system is still open in all directions.
*Hera had low grade hits above their discovery as well. Could very well be a twin or big brother to $400m mc Hera discovery imo.
who knows - this is exploration. Weigh your risk v reward.
AGC Price at posting:
14.0¢ Sentiment: None Disclosure: Held
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