Aic Mines Announces High-Grade Gold at Oro Grande
Key points
- First drillhole at Oro Grande intersects high-grade gold
- 5.6m grading 5.1g/t Au from 493.0m
- Co-funded by Queensland Government's CEI grant
- Follow-up drilling planned for 2027
Full summary
AIC Mines Limited (ASX: A1M) has announced significant drilling results from the Oro Grande prospect, part of the Eloise Regional Project. The first drillhole, OGDD001, successfully intersected two distinct zones of anomalous mineralisation: an upper copper-gold-silver zone and a lower gold-zinc zone. The lower zone yielded the best result: 5.6m grading 5.1g/t Au from 493.0m. The electromagnetic conductors targeted by the drilling remain open up and down dip, and over a strike length of one kilometre. The presence of high-grade gold and anomalous copper and zinc mineralisation warrants follow-up drilling, planned for the 2027 field season. The prospect was awarded a Collaborative Exploration Initiative (CEI) grant by the Queensland Government to co-fund the drilling of a single diamond hole.
Outlook
The extensive nature of the sulphide zones, the presence of high-grade gold and anomalous copper and zinc mineralisation, and lack of any other drilling for a three-kilometre radius warrants follow-up drilling. This is planned for the 2027 field season.
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