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- Australian Gold and Copper (AGC) has launched a drill program at the Achilles 3 gold and base metal target at its Cargelligo Project
- It’s expected that seven reverse circulation drill holes will be completed over a total of 1200 metres
- The Cargelligo targets, which include Achilles 2 and Mount Boorithumble, are located south along strike from the Hera mine and Aurelia Metals’ recent Federation discovery
- This is the second of seven reverse circulation programs, following a maiden drilling campaign that was recently completed at the company’s Moorefield Project
- Australian Gold and Copper is down 5.56 per cent to $0.17 per share
Australian Gold and Copper (AGC) has launched a drill program at the Achilles 3 gold and base metal target at its Cargelligo Project.
Located 15 kilometres west of the town of Lake Cargelligo in New South Wales, the project covers 227 square kilometres and consists of several drill-ready Cobar-style gold-polymetallic prospects along strike from the prolific Cobar Mining District.
The company is aiming to drill seven reverse circulation holes over 1200 metres, focusing on promising near-surface targets.
These targets, which include Achilles 2 and Mount Boorithumble, are located south along strike from Aurelia Metals’ Hera mine, which produced 58,025 ounces of gold during the 2019 financial year, and its recent Federation discovery.
The program is the second of seven reverse circulation programs, and follows a successful maiden campaign at Australian Gold and Copper’s Moorefield Project, which focused on the Pattons gold target.
“With the success of our first program it was easy to keep the momentum going into this discovery focused drill program,” said Glen Diemar, Managing Director of Australian Gold and Copper.
Australian Gold and Copper is down 5.56 per cent to $0.17 per share at 4:54pm AEDT.
