AIC Mines (ASX:A1M) - CEO & Managing Director, Aaron Colleran
CEO & Managing Director, Aaron Colleran
Source: Aaron Coleman/LinkedIn
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  • AIC Mines (A1M) identifies multiple target at the Copper Hills Belt within the Marymia Project in Western Australia
  • These targets were identified via the recently completed airborne electromagnetic survey and soil geochemistry program
  • The soil geochemistry program successfully extended the Copper Hills Prospect anomaly a further two kilometres east, bringing the total strike the nine kilometres
  • Additionally, the airborne survey identified at least three discrete anomalies within the footprint of the Copper Hills Prospect
  • AIC ends the day 1.01 per cent in the red with shares trading at 49 cents

AIC Mines (A1M) has identified multiple targets at the Copper Hills Belt within the Marymia Project in Western Australia.

These targets were identified via the recently completed airborne electromagnetic survey and soil geochemistry program.

AIC has identified two distinct conductive trends along strike of the Copper Hills Prospect, both of which are not related to known prospects.

The soil geochemistry program successfully extended the Copper Hills Prospect anomaly a further two kilometres east, bringing the total strike the nine kilometres.

The airborne survey was completed during the September quarter with 547 line kilometres flown on the Copper Hills copper-oxide prospect and strike extensions.

Preliminary interpretation of the data identified at least three discrete anomalies within the footprint of the prospect as well as several conductive trends along strike to the southwest.

These results reinforce the view that the Copper Hills Belt has the potential to host copper mineralisation in a setting similar to that which hosts the DeGrussa Copper Mine.

Drilling has also wrapped up at the Copper Hills Prospect with nine reverse circulation holes completed in October.

These holes were drilled along the entire trend of the copper-oxide mineralisation defined via a soil geochemistry program.

Assays are expected to be received in late December.

Furthermore, a diamond drill rig has mobilised to the Stetson Prospect and work will begin shortly.

Drilling will test a coincident magnetic and gravity response modelled to a depth of roughly 400 metres.

The drilling cost is co-funded up to $150,000 by the Western Australian Exploration Incentive Scheme grant.

Once drilling wraps up at Stetson, focus will move to the Hermes North Prospect with 11 holes planned to test a gold-in-soil anomaly

AIC has ended the day 1.01 per cent in the red with shares trading at 49 cents in a $151.2 million market cap.

A1M by the numbers
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