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AIC Mines (ASX: $A1M) extends mineralisation at Sandy Creek and Artemis prospects

AIC Mines reports positive results from exploration drilling


AIC Mines Limited (ASX: $A1M) has reported positive results from exploration drilling completed at the Sandy Creek and Artemis prospects, located 20 kilometres west of the Company's flagship asset, the Eloise Copper Mine. The drilling program aimed to confirm the potential extension of mineralisation down dip and down plunge at both prospects, infill a gap in the resource at the near surface at Sandy Creek, and test previously untested ground electromagnetic (GEM) conductors to the east of Sandy Creek mineralisation.

AIC Mines' Managing Director, Aaron Colleran, comments on the drilling program


AIC Mines holds tenements covering approximately 2,000km² surrounding the Eloise mine. This highly endowed area contains a strong pipeline of targets that we believe will extend the Eloise project well beyond 10 years. This short program of drilling at the Sandy Creek and Artemis prospects has successfully confirmed that mineralisation remains open at depth. Further drilling is clearly warranted at both prospects.

Summary of AIC Mines' exploration drilling results


AIC Mines (ASX: $A1M) has successfully extended the mineralisation at the Sandy Creek and Artemis prospects, indicating the potential for additional zones of mineralisation at depth. The Company's strategy to extend the life of the Eloise project through a hub and spoke approach to regional development is supported by these positive results. With a strong pipeline of targets in the highly endowed area surrounding the Eloise mine, AIC Mines aims to extend the project well beyond 10 years. The results from the drilling program will be used to complete an updated Mineral Resource Estimate, further solidifying the Company's position in the Australian resources sector.

Sourcehttps://announcements.asx.com.au/asxpdf/20240112/pdf/05zcl6vqrz6422.pdf

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