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Australian Gold & Copper Ltd. ( (AU:AGC) ) has shared an announcement.
Australian Gold and Copper has reported further strong assay results from five additional diamond drill holes at the Achilles deposit, which were not included in its initial 38.5 million ounce silver-equivalent mineral resource estimate released in December. The new holes from the northern high-grade zone returned multiple broad, high-grade silver-gold intervals that extend mineralisation at depth and are expected to add to an upgraded resource later this year, while early results from the Achilles quarry target 5km to the south suggest mineralisation remains open. With assays from six more holes pending and a 10,000m drilling campaign scheduled to restart in March aimed at both a resource upgrade at Achilles and a maiden resource at Browns–Evergreen, the company is positioning South Cobar for a substantial increase in its silver-gold endowment and strengthening its footprint in an under-explored but historically productive mining district.
The most recent analyst rating on (AU:AGC) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Australian Gold & Copper Ltd. stock, see the AU:AGC Stock Forecast page.
More about Australian Gold & Copper Ltd.
Australian Gold and Copper Ltd (ASX: AGC) is an exploration and development company focused on growing silver and gold resources at its South Cobar Project in the Cobar Mining District of western New South Wales. The company is advancing two key deposits, Achilles and Browns–Evergreen, targeting precious and base metal resource expansion through an intensive drilling program.
Average Trading Volume: 312,244
Technical Sentiment Signal: Buy
Current Market Cap: A$63.28M
Find detailed analytics on AGC stock on TipRanks’ Stock Analysis page.