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AIC Mines Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | 4G Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-6-2020: AIC Mines Ltd. announces an Exploration/Drilling Update report for its 4G Hill deposit at the Marymia project. Drilling results incl. 12m @ 0.26g/t Au from 36m. AIC Mines Limited (ASX: A1M) (“AIC” or the “Company”) is pleased to provide an upda | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Steve Vallance (Internal) | |
| ABSTRACT: | AIC Mines Limited (ASX: A1M) (“AIC” or the “Company”) is pleased to provide an update on exploration activity at its 100% owned Copper Hills Belt prospect area located within the Marymia Project, 790km northeast of Perth on the northern margin of the Yilgarn Craton. The Copper Hills Belt makes up the northern third of AIC’s large (approximately 3,800km2 ) Marymia Project. It is a structurally complex, craton-margin greenstone belt and can be traced for approximately 60 kilometres in strike length. Most of the belt is hidden beneath younger sediments and transported cover. Historical work has confirmed the potential of the belt to host gold, copper and iron ore however there has been very little recent exploration targeting gold or copper. AIC has just completed its first drilling program at the 4G Hill Prospect at the southern end of the Copper Hills Belt – 13 shallow RC holes were completed for a total of 1,294m drilled. The drilling encountered a strong geochemical depletion zone immediately beneath the gold-bearing 4G Hill gossan. Anomalous results included: | |
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