Market Herald logo

Subscribe

Be the first with the news that moves the market
  • AIC Mines (A1M) receives assays from reverse circulation drilling at its Marymia project in WA
  • Drill results from the Copper Hills prospect include 12 metres at 0.21 per cent copper within a broader interval of 28 metres at 0.14 per cent copper
  • Mineralisation at the prospect extends for five kilometres and is open down dip and along strike
  • Unfortunately, drilling at the Hermes North target didn’t return any significant gold results and at this stage, the company has only disclosed follow up drilling plans for Copper Hills
  • Company shares ended Monday’s session 1.71 per cent in the red to close at 57.5 cents

AIC Mines (A1M) has received additional results from drilling at its Marymia project in Western Australia’s Murchison province.

The newest results come from reverse circulation (RC) drilling programs completed at the
Copper Hills prospect and the Hermes North target.

At the end of last year, AIC Mines drilled nine holes at the Copper Hills prospect to test for primary copper sulphide mineralisation below a historically recognised seven-kilometre trend of enriched copper oxides.

Today’s results for Copper Hills account for the last four holes and include four metres at 0.19 per cent copper from 168 metres in 21ACHC0009 and 28 metres at 0.14 per cent copper from 168 metres including 12 metres at 0.21 per cent copper from 176 metres in 21ACHC0007.

Mineralisation at the Copper Hills prospect is defined over five kilometres of strike and is open down dip and along strike.

The company plans to undertake further drilling at Copper Hills to target higher-grade zones by infilling the current broad spaced drill pattern.

Over at the Hermes North target, which AIC is earning up to an 80 per cent interest in, 11 holes were completed in late 2021 to test a gold anomaly.

While the program intersected narrow intervals of amphibolite, sediment and granite, it reportedly didn’t generate any significant gold results.

Company shares ended Monday’s session 1.71 per cent in the red to close at 57.5 cents.

A1M by the numbers
More From The Market Herald
The Market Herald Video

" Brookside Energy (ASX:BRK) completes isolation plug milling at Flames Well

Brookside Energy (ASX:BRK) successfully completes milling out the isolation plugs used in the multi-stage stimulation at…
The Market Herald Video

" Anson Resources (ASX:ASN) expedites resource upgrade at Paradox, US

Anson Resource (ASX:ASN) announces plans to expedite its JORC Resource upgrade at the Paradox lithium project…
Alkane Resources (ASX:ALK) - Managing Director, Nic Earner

" Alkane Resources’ (ASX:ALK) Tomingley exceeds FY22 production guidance

Alkane Resources' (ASX:ALK) Tomingley gold operation has exceeded its production guidance for the 2022 financial year.

" Strike Energy (ASX:STX) and Talon Energy (ASX:TPD) to commence flow testing at Walyering-6, WA

Joint venture (JV) partners Strike Energy (ASX:STX) and Talon Energy (ASX:TPD) are gearing up to begin…