Australian Gold and Copper’s Boxdale target continues to deliver near-surface gold

Australian Gold and Copper (ASX:AGC) reports the presence of further ‘strong’ near-surface gold mineralisation at the Boxdale-Carlisle Reefs Gold Trend, part of its Moorefield Project in central New South Wales, following a reverse circulation (RC) drilling campaign.

The results, generated via 23 RC drill holes for 2,370m, have returned multiple, near-surface gold zones along more than a 3km strike length within the greater 15km-plus Boxdale Trend, with key results including:

  • Hole BXRC017: 14m @ 0.46g/t Au from 15m, incl. 1m @ 2.7g/t from 16m (Anomaly 1)
  • Hole BXRC021: 12m @ 0.62g/t Au from 18m (Anomaly 1)
  • Hole BXRC025: 8m @ 0.53g/t Au from 51m (Anomaly 2)
  • Hole BXRC036: 13m @ 1.6g/t Au from 40m, incl. 3m @ 4.5g/t Au from 42m, incl. 1m @ 8.9g/t Au from 43m, and
    • 1m to end of hole 0.64g/t Au from 99m (Anomaly 3)
  • Hole BXRC028: 11m @ 0.50g/t Au from 73m (Anomaly 3)
  • Hole BXRC038: 13m @ 0.86g/t Au from 8m, incl. 2m @ 3.8g/t Au from 16m (Newly identified gold zone)

Addressing the results, AGC Managing Director Glen Diemar said: “These results continue to deliver consistent near-surface gold for AGC in a time where such deposits are becoming increasingly rare and harder to find. 

These results continue to deliver consistent near-surface gold for AGC in a time where such deposits are becoming increasingly rare and harder to find

With this 15km trend being at the intersection of crosscutting large regional scale structures demonstrated that it could contain much larger tonnage, wider high-grade lodes surrounded by a network of these smaller tonnage lodes that we are currently seeing.”

The company also notes that the results indicate that mineralisation remains open to the north and south along the prospective strike and have also identified the existence of a fourth gold lode zone 400m south-east of Anomaly 3.

In addition, this recent drilling campaign has successfully extended known mineralisation across the three targeted anomalies and is expected to drive future growth of the project.

The Moorefield Project is located in central New South Wales and comprises two granted exploration licences that cover a total land tenure of 481.5km-square.

The land tenure is host to the 15km long Boxdale-Carlisle Reefs orogenic gold trend, as well as other ‘high-priority’ prospects, including the Au-Cu prospective Pattons Prospect.

With assays from the recent RC drilling campaign now returned, AGC reports that it will move forward with shallow aircore geochemical drilling operations to further extend mineralisation in the Boxdale area.

Images: Australian Gold and Copper Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.