AIC Mines Reports Strong Exploration Progress at Iris and Eloise South
AIC Mines Limited (ASX: A1M) has announced encouraging exploration results from its Iris and Eloise South prospects, both located near the Eloise Copper Mine in North Queensland. At Iris, recent drilling confirmed copper and gold mineralisation extending across a 1.5-kilometre strike, with notable intercepts including 12.0 metres grading 1.0% copper and 0.3 g/t gold, including a higher-grade section of 2.0 metres at 4.4% copper and 1.5 g/t gold. Exploration has not yet established the full extent of the mineralisation, leaving scope for additional discoveries along its trend and at deeper levels. Geological similarities with the nearby Jericho deposit have strengthened confidence in Iris as a priority exploration target.
At the Eloise South prospect, drilling returned an exceptional high-grade gold intersection of 3.2 metres grading 92.5 g/t gold, including 1.2 metres at 249 g/t gold. Downhole electromagnetic surveys have also identified a conductive target associated with this mineralisation, supporting plans for additional drilling. The company intends to continue exploration at both prospects during the current field season, targeting extensions to the identified copper and gold mineralisation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
AIC Mines Reports Strong Exploration Progress at Iris and Eloise South
AIC Mines Limited (ASX: A1M) has announced encouraging exploration results from its Iris and Eloise South prospects, both located near the Eloise Copper Mine in North Queensland. At Iris, recent drilling confirmed copper and gold mineralisation extending across a 1.5-kilometre strike, with notable intercepts including 12.0 metres grading 1.0% copper and 0.3 g/t gold, including a higher-grade section of 2.0 metres at 4.4% copper and 1.5 g/t gold. Exploration has not yet established the full extent of the mineralisation, leaving scope for additional discoveries along its trend and at deeper levels. Geological similarities with the nearby Jericho deposit have strengthened confidence in Iris as a priority exploration target.
At the Eloise South prospect, drilling returned an exceptional high-grade gold intersection of 3.2 metres grading 92.5 g/t gold, including 1.2 metres at 249 g/t gold. Downhole electromagnetic surveys have also identified a conductive target associated with this mineralisation, supporting plans for additional drilling. The company intends to continue exploration at both prospects during the current field season, targeting extensions to the identified copper and gold mineralisation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au