Australian Gold and Copper Ltd Uncovers Multi-Kilometre Gold–Silver Trend, Expands Achilles Deposit & Recommences RC Drilling in South Cobar
Thursday, June 5, 2025
at
8:21 am
Australian Gold and Copper Limited completed its largest ever aircore campaign in South Cobar, uncovering an extensive multi‐kilometre gold-silver trend and identifying high-potential new targets. With reverse circulation drilling now resumed, the company is well poised to expand its promising Achilles deposit.
Australian Gold and Copper Limited has announced encouraging new exploration results from its South Cobar Project in New South Wales. The company’s recent aircore drilling campaign, the largest in the district to date, comprised 312 holes over 11,137 metres along a five‐kilometre stretch of the Achilles Shear Zone. The drilling has revealed a regionally significant, multi-kilometre-scale gold-silver trend that not only extends the known Achilles mineralisation beyond its current 650-metre strike but also identifies a new 2.0-kilometre anomaly that exhibits the characteristics of a large-scale mineralised system.
The company highlighted two priority targets emerging from the program. Target 1 is defined by a 1.2-kilometre southern extension of the known trend, with notable assay results such as a hole intercept returning 9 metres of 0.22 grams per tonne gold and 6 grams per tonne silver. Target 2 is a fresh gold-silver corridor that, while displaying broader anomalism with associated base-metal signatures including lead, zinc, copper, molybdenum, and antimony, has yet to be tested at depth. These findings were supported by systematic aircore drilling aimed at mapping the mineralised host rocks and pathfinder geochemical trends, and recent reverse circulation drilling has recommenced to test the strongest anomalies discovered about 500 metres south of the Achilles deposit.
The technical details of the campaign are underpinned by robust geochemical and geophysical data. The host lithology associated with the mineralisation has now been mapped across a 5-kilometre strike, remaining open to both the north and south. Additional targets, including a copper-zinc set linked to magnetic and chargeability anomalies and a western copper-bismuth trend, further underline the district’s diverse mineral potential. These detailed drill results, obtained using aircore and reverse circulation techniques, provide a promising framework for further exploration and potential expansion.
The sentiment among market observers could tilt in a bullish direction given the extensive scale of the drilling program and the significant expansion potential of the Achilles deposit, which is now suggested to extend beyond its original footprint. The multi-element anomalies reinforce a compelling exploration case, attracting interest for a potentially robust and diversified mineral resource. However, a bearish perspective may caution that these early-stage exploration results, while highly encouraging, are subject to commodity price volatility, operational challenges, and regulatory risks. Future drilling and in-depth analysis will be necessary to confirm resource continuity and establish a viable path to production.