AIC Mines (ASX:A1M) Reports Significant Drilling Results at Jericho
AIC Mines Limited (ASX:A1M) has reported significant results from its resource extension drilling at the Jericho copper deposit. The follow-up drilling at the newly identified Matilda North shoot intersected copper mineralisation in every hole. Key findings include JEDD064 with a robust 13.0m interval grading 6.35% Cu and 1.0g/t Au from 271m.
Extended Mineralisation and High-Grade Results
The drilling results indicate substantial potential to enhance the Jericho resource, particularly with the Matilda North mineralisation, which is strategically located for accelerated delivery of ore to the Eloise processing plant. Notable results from the Jumbuck and Squatter shoots included JEDD065, which returned 4.5m grading 2.33% Cu and 0.86g/t Au from 284.1m, and JERC065 showing 3.09% Cu over 3.25m. These findings are anticipated to significantly increase the overall Jericho Mineral Resource Estimate, with an updated report scheduled for completion in March 2025.
CEO Statement
AIC Mines’ Managing Director, Aaron Colleran, stated, “Resource extension drilling at Jericho continues to expand and improve the deposit. These results have the potential to materially increase the mineral resource at Jericho and provide access to high-grade mineralisation earlier than currently planned.”
The Jericho deposit extends over a strike length of 5 kilometres and remains open in both directions, with depths reaching 550m. The ongoing drilling is expected to refine resource confidence and further assess the economic viability of the deposit.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.