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An update from Australian Gold & Copper Ltd. ( (AU:AGC) ) is now available.
Australian Gold and Copper Ltd has announced promising initial assay results from its aircore drilling program at the South Cobar Project in New South Wales. The results indicate a significant extension of the mineralisation footprint associated with the Achilles deposit, extending it by at least 1.2 kilometers southward. This expansion suggests potential for substantial growth in the mineralised system, with further drilling results anticipated shortly. The company plans to follow up with a reverse circulation drilling program to explore deeper extensions, aligning with its growth strategy.
More about Australian Gold & Copper Ltd.
Australian Gold and Copper Ltd operates in the mining industry, focusing on the exploration and development of gold and copper deposits. The company is engaged in projects primarily located in New South Wales, Australia, aiming to expand its mineral resource base.
YTD Price Performance: -6.67%
Average Trading Volume: 249,640
Technical Sentiment Signal: Buy
Current Market Cap: A$35.92M
Learn more about AGC stock on TipRanks’ Stock Analysis page.