Australian Gold and Copper (ASX: AGC) has obtained high-grade silver results for a further five diamond holes completed as a part of a recent ten- hole drilling program at the high-grade Achilles discovery, located in the southern portion of the Cobar Basin in central NSW.
Highlights included returns up to 2.9 kilograms per tonne silver within an interval of 27m at 1.4g/t Au, 241g/t Ag & 1.9% Pb+Zn.
"The central portion of the Achilles discovery has delivered more eye-watering silver and gold grades. The latest diamond results from this area support the exceptional reverse circulation results returned earlier in the year, confirming the presence of a coherent, shallow high- grade zone," Managing Director, Glen Diemar, said.
"Remarkably, this zone of greater than 10 gram metres gold and greater than 1,000 gram metres silver now extends laterally for over 500m. Achilles is certainly a thrilling high grade discovery which is growing with each drill programme.”
“We are also starting to see some of the deeper holes returning strong silver which has increased the mineralised vertical extent past 300m. Further to this, the deposit is open laterally and at depth which is very pleasing and sets the growth scene for our next programs starting shortly in 2025.“
“With an extensive exploration programme planned for both the Achilles deposit and the broader region in early 2025, I couldn’t be more excited about the value still to be unlocked as we head into the new year.”
AGC’s technical team have commenced the next phase of exploration in the region, including the completion of a drone magnetic survey to aid in locating additional mineralised structures.
Results for this survey have been received and are currently being interpreted by AGC’s technical team. Planning is also continuing for a large systematic air core drill programme along the Achilles Shear Zone to target additional mineralisation in the near-surface zone. This programme will commence early in the next quarter, to be followed by additional RC drilling at the Achilles deposit.
