Australian Critical Minerals (ASX:ACM) has begun a maiden diamond drilling campaign at the Flint Gold-Silver Project in Peru to test a ‘large-scale’ mineralised system.
The company will cover 1,850m of drilling across four holes, with drilling at the first hole now mobilised.
Australian Critical Minerals has completed access and drill pad construction for the campaign, which is expected to assist in an uninterrupted drilling campaign.
Drilling is targeting a 4km strike system at the Flint Project that hosts multiple high-sulphidation epithermal gold-silver zones. The company has deployed SFP Drilling as its contractor for the program.
This is the first drilling campaign testing the broader hydrothermal system and is supported by extensive historical geochemistry, induced polarisation, geophysics, and geological mapping.
Meanwhile, Australian Critical Minerals has expanded its tenure towards the west near the San Juan Project. The company says the expansion consolidates its position across the broader hydrothermal system, which reinforces the scale potential of Flint.
Executive Chairman Dean de Largie says maiden drilling is a milestone for the company and “marks the start of systematic testing of what we believe is a large and highly prospective hydrothermal system”.
“Flint lies within a 4km system that we have modelled and believe has the potential to host multiple high-sulphidation epithermal gold-silver targets, providing a compelling multi-target exploration opportunity,” de Largie says.
“The current program represents the first systematic drill test of this broader system, targeting interpreted epithermal centres and associated alteration zones, with the objective of confirming precious metal mineralisation and assessing the overall scale of the system.
“In parallel, we have expanded our tenure to the west, strengthening our position across the broader system and advancing toward the nearby San Juan Project, owned by one of the world’s leading silver producers.”
Australian Critical Minerals is an exploration company with a portfolio of precious and base metals projects in Peru and Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Australian Critical Minerals
