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AIC Mines (ASX:A1M) identifies new copper-gold targets at Lamil
  • AIC Mines (A1M) has identified new gold-copper targets at its Lamil Gold-Copper Project in Western Australia
  • Recently completed ultra-fine soil geochemistry has identified widespread geochemical anomalism across a number of previously reported geophysical targets
  • Five large geochemical target areas that are displaying multi-element anomalism such as gold and copper, have also been defined
  • Once COVID-19 restrictions are lifted and all regulatory approvals are received, AIC will undertake a drilling program to drill test priority targets
  • AIC is steady on the market today and shares are currently trading for 32 cents each

AIC Mines (A1M) has identified new gold-copper targets at its Lamil Gold-Copper Project in Western Australia.

The Lamil Project spans over 1375 square kilometres and is located halfway between Newcrest's Telfer mine and Metals X's Nifty copper mine in the highly prospective Paterson Province of Western Australia.

Due to its remoteness and deep nature, the Paterson Province remains largely under-explored and Lamil has essentially been ignored due to a perception of a 400-metre cover.

Recently completed ultra-fine soil geochemistry has identified widespread geochemical anomalism across a number of previously reported geophysical targets, as well as several new target areas.

Five large geochemical target areas that are displaying multi-element anomalism such as gold and copper, have also been defined. None of these targets have been previously drill tested.

The aim of this program was to help further refine the previously identified priority geophysical targets.

Given the success of this geochemical program, extra surface geochemical surveys are now being planned to expand the coverage.

This success has also given AIC a cost-effective method to assess a large area.

Once COVID-19 restrictions are lifted and all regulatory approvals are received, AIC will undertake reverse circulation and diamond core drilling to drill test priority targets.

AIC is steady on the market today and shares are trading for 32 cents each at 2:16 pm AEST.


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