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AIC Resources Ltd.
Summary
| Project: | Marymia | |
|---|---|---|
| Deposit: | Marymia, Two Pools | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 14-1-2019: AIC Resources Ltd. announces an Exploration/Drilling Update report for its Marymia, Two Pools deposit at the Marymia project. Drilling results incl. 18.0m @ 3.90g/t Au from 83m . AIC Resources Limited (ASX:A1C) is pleased to announce results fr | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Joanna Pearson (Odyssey Directions Pty Ltd.) | |
| ABSTRACT: | AIC Resources Limited (ASX:A1C) is pleased to announce results from a successful drilling programme recently completed at its 100% owned Two Pools and Marymia North East prospects. The results from Two Pools are encouraging and have identified mineralisation as steeply plunging high grade shoots. Drilling at Marymia North East confirmed historic results in the supergene zone and intersected broad zones of low grade mineralisation at depth and along strike AIC completed twenty five RC holes (MRC687 – MRC711) totaling 5,196m at Two Pools to test for repetitions and extensions of historic drill results (1991 Great Central Mines) and continuity beneath high gold grade surface quartz veins. Significant gold intercepts were encountered below the main Two Pools mineralised zone and are interpreted as steeply plunging shoots within broader zones of low grade mineralisation. Drilling confirmed the greenstone sequence continues at depth below an overthrust granite, where weak mineralisation was intersected. Twenty one RC holes (MRC666 – MRC686) totaling 4,694m were drilled at Marymia NE to test below known supergene mineralisation and possible repetitions along strike. Drilling tested three zones along 1.7km of sheared mafic granodiorite contact and confirmed similar grades to those reported by Great Central Mines through the supergene zone. At depth, relatively narrow zones of weak mineralisation (>0.1 ppm) were encountered within fresh granodiorite, with the exception of hole MRC670 (12m @ 1.63 g/t from 193, including 8m @ 2.34 g/t), and hole MRC678 (13m @ 1.79 g/t from 84 including 1m @ 18.06 g/t). | |
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