Introduction to Australian Gold and Copper's exploration success

Australian Gold and Copper (ASX:AGC) has reported promising outcomes from its recent drilling campaign at the Achilles project in the Cobar Basin, NSW. The exploration unveiled high-grade silver-gold-base metal mineralization at shallow depths, with a diamond drilling program completed and results expected by November 2024. The project has also identified potential new copper zones.

Overview and future direction of AGC's Achilles project

Australian Gold and Copper (ASX:AGC) has achieved significant results from its drilling at the Achilles project. The discovery of high-grade mineralization at shallow depths includes notable results like 12m at 2.2g/t gold and 113g/t silver from 86m. A new copper trend was identified 600m northwest of Achilles. A 10-hole diamond drilling program is complete, with results anticipated in November 2024. The exploration program has extended mineralization over a 650m strike length and plans to target the 5km Achilles Shear Zone. Future activities include core processing, 3D modeling, and further drilling. These findings enhance the potential for resource growth at the Achilles project, strengthening AGC's asset portfolio.

Executive insights on Achilles project findings

AGC's Managing Director, Glen Diemar, expressed optimism about the high-grade mineralization and new copper zones. The company is focused on delivering assay results and exploring the newly identified copper trend.