AIC Mines Receives 'Significant' Drill Results from Queensland Projects

MT Newswires Live08:14

AIC Mines (ASX:A1M) said recently concluded resource extension drilling at the Jericho and Sandy Creek projects in Queensland yielded "significant" results, according to a Wednesday filing with the Australian bourse.

Infill drilling at Jericho, focusing on the Matilda Shoot, yielded results including 1.6% copper and about 0.2 grams per tonne of gold from 200 meters and 2.6% copper and 0.7 grams per tonne of gold from 199 meters, while step-out drilling of the Jericho J2 Lens extended mineralization to the north, the filing said.

Additionally, step-out drilling at Sandy Creek extended mineralization along strike and down plunge, with two holes revealing 2.1% copper and 3.1 grams per tonne of gold from 211.5 meters and 243 meters, respectively, according to the filing.

The company's shares were up almost 2% in recent Wednesday trade.

Price (AUD): $0.33, Change: $+0.01, Percent Change: +1.56%

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