AGC Extends High-Grade Silver Zone at Achilles to Over 600m Strike

Strong Silver Results Expand Achilles Deposit

Australian Gold and Copper Ltd (ASX: AGC) has announced compelling new assay results from its Achilles deposit within the South Cobar Project in central New South Wales. The latest diamond drilling has extended the high-grade silver zone to over 600 metres in strike length, with mineralisation remaining open both along strike and at depth. This marks a significant step forward in defining the scale and potential of this emerging silver-gold-base metal system.

The recent assays from hole A3DD009 returned 8.4 metres at 121 grams per tonne (g/t) silver and 0.3 g/t gold from 131.6 metres, including a higher-grade interval of 2 metres at 281 g/t silver and 0.6 g/t gold. These results extend the previously reported 1,000 gram-metres silver zone by an additional 200 metres to the south, now spanning more than 600 metres in length and over 300 metres down dip.

Context of the Achilles Discovery

The Achilles deposit has been the focus of intense exploration since its discovery, with prior drilling revealing multiple high-grade intersections including spectacular silver grades exceeding 2,900 g/t and significant gold and base metal values. The deposit is hosted within a structurally complex shear zone, with mineralisation associated with quartz veins and sulphide-bearing zones.

AGC’s Managing Director Glen Diemar highlighted the significance of the recent results, stating that the expansion of high silver grades over a substantial strike length and depth is encouraging for the project’s future. The company is gearing up for a large-scale 6,000-metre drilling program aimed at testing the Achilles deposit further and exploring along the broader Achilles Shear Zone.

Upcoming Exploration and Growth Potential

Looking ahead, AGC plans to commence a helicopter-borne VTEM geophysical survey to identify additional conductive anomalies indicative of copper and other base metals. This will be followed by a 500-metre aircore drilling program targeting near-surface oxide mineralisation and a larger 5,500-metre aircore campaign along the shear zone to uncover new mineralised zones.

The company’s systematic approach, combining geophysics, geochemistry, and drilling, aims to unlock further value in the Achilles district, which remains underexplored despite its demonstrated potential. The deposit’s open-ended nature along strike and at depth suggests that the resource base could expand significantly with ongoing exploration.

Implications for AGC and the South Cobar Region

The South Cobar Project is emerging as a notable silver-gold-base metal province, with AGC’s discoveries adding momentum to the region’s mining prospects. The high-grade silver intersections, coupled with significant lead and zinc values, position Achilles as a potentially valuable asset in AGC’s portfolio. Market watchers will be keen to see how the upcoming drilling results influence resource estimates and project economics.

While the true widths of mineralisation are still being determined, the consistent high-grade intercepts and expanding footprint underscore the deposit’s promise. AGC’s methodical exploration and transparent reporting provide a solid foundation for investors to monitor progress closely.