Australian Gold and Copper lands NSW multi-metal bonanza

Detailed summary

Australian Gold and Copper has struck rich polymetallic mineralisation at Evergreen in NSW, hitting 16m at 2.3g/t gold and 1.4% copper, including a 6.2% copper kicker.

Australian Gold and Copper has delivered a spectacular polymetallic intersection from its Evergreen project in NSW’s highly endowed South Cobar basin, with a 16-metre drill hit returning 2.3 grams per tonne (g/t) gold, 70g/t silver, 1.4 per cent copper and a combined 12.2 per cent lead-zinc from 112m.

The stunning reverse-circulation (RC) hole was sweetened by multiple high-grade zones, including a 6-metre core running at 5.2g/t gold, 157g/t silver and a combined 27.9 per cent lead-zinc from 116m. Adding to the intrigue was a separate, copper-rich two-metre kicker grading a hefty 6.2 per cent copper from 123m.

The same hole also produced a shallower intercept of 6m assaying 2g/t gold, 20g/t silver and 0.9 per cent copper from 84m, demonstrating multiple mineralised lenses over more than 220m of strike at the Hillston mineralised zone within Evergreen. Separately, the main Evergreen mineralised zone has been defined over more than 500m of strike.

The results form part of the company’s drilling campaign, targeting the high-grade Western Discovery zone at the company’s South Cobar project, as it builds towards a maiden resource estimate for the Evergreen deposit. The standout hole was specifically targeted up-dip and south of a previous discovery hole that returned a 17-metre intercept grading 5.3g/t gold, confirming the system has legs.

Other notable assay results from the first 18 holes of the 21-hole, 2593-metre RC program add weight to the discovery, showing it is far from a one-hit wonder. One hole returned 9m running 1.6g/t gold and 58g/t silver from 90m, including a higher-grade 5-metre section going 2.4g/t gold and 94g/t silver. Nearby, a further interval yielded 6m grading 1.4g/t gold and 53g/t silver from 95m, featuring a one-metre section of 5.7g/t gold and 202g/t silver.

Australian Gold and Copper also reported new assays from previously unsampled historical diamond drill core.

Australian Gold and Copper managing director Glen Diemar said: “This is an…

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