AGC Reports Strong Copper and Gold Intercepts at Evergreen Prospect
Australian Gold and Copper Ltd’s maiden drilling at Evergreen reveals significant copper and gold mineralisation, underpinning plans for a Mineral Resource Estimate.
- 35m at 0.5% copper intersected including high-grade zones
- 5.1m at 2.7g/t gold marks highest grades at Evergreen
- Eight additional drill holes completed with results pending
- Drilling supports potential for a large copper-gold system
- Ongoing exploration across Browns Reef, Achilles, Tooronga, and Junee
Significant Copper and Gold Intercepts at Evergreen
Australian Gold and Copper Ltd (ASX:AGC) has delivered its first assay results from the maiden drilling campaign at the Evergreen Prospect within the Browns Reef Project, NSW, revealing a substantial copper and gold system. Notably, drill hole 26DDBR006 intersected a broad 35-metre zone averaging 0.5% copper from 353 metres, including higher-grade intervals such as 6 metres at 2.0% copper and 4 metres at 2.5% copper. Complementing this, hole 26DDBR004 returned the highest gold grades recorded at Evergreen so far, with 5.1 metres at 2.7 grams per tonne gold from 193 metres, including 3 metres at 3.7 grams per tonne.
Implications for Mineral Resource Development
These results confirm the presence of a significant copper-rich zone beneath historical mineralisation, supporting AGC’s strategy to advance Evergreen towards an initial Mineral Resource Estimate. The distribution of copper, gold, zinc, and lead in 26DDBR006 also suggests increasing metal zonation at depth, indicating the potential for a sizeable mineralised system. While true widths are yet to be established, the continuity between drill sections bolsters confidence in the deposit’s scale.
Ongoing Drilling and Regional Exploration
AGC has completed eight additional drill holes totalling over 3,000 metres at Evergreen, with assay results expected in the coming weeks. Diamond drilling continues, aiming to define the system’s extent and continuity. Concurrently, at the Achilles deposit, drilling has reached its fourth hole, targeting extensions beyond the current Mineral Resource Estimate and depths past 500 metres. Meanwhile, exploration activities at Tooronga and Junee are progressing, with fieldwork and data integration underway to refine drill targets.
Context within AGC’s Broader South Cobar Strategy
The Browns Reef–Evergreen drilling campaign complements AGC’s broader South Cobar Basin exploration, which includes the Achilles deposit boasting a 38.5 million ounce silver-equivalent Mineral Resource Estimate. The company’s systematic approach to testing historically underexplored zones and expanding resource definitions aligns with its goal of consolidating a dominant land position and advancing multiple projects simultaneously.
Bottom Line?
AGC’s Evergreen results open a promising chapter, but pending assays and true width assessments will be critical to defining the deposit’s economic potential.
Questions in the middle?
- How will upcoming assay results from the eight additional Evergreen holes influence the resource modelling?
- What metallurgical characteristics will emerge for copper recovery given its exclusion from Achilles’ silver-equivalent calculations?
- Can the increasing metal zonation at depth translate into a coherent, mineable system across Browns Reef?
