AIC Mines Limited (ASX: A1M) has kicked off exploration activity with a new drilling campaign at Marymia Gold and Copper Project located 200km north of Meekatharra in Western Australia.
Overview
• A 4,800m programme of reverse circulation (RC) drilling has commenced testing the Copper Hills, Middle Island and Black Hills targets at the Marymia Project.
• The aim of the drilling at Copper Hills is to define copper sulphide mineralisation below an extensive copper oxide anomaly.
• At the Middle Island tenement, follow-up RC drilling will test anomalous gold results returned from the RC drilling completed by AIC Mines in 2021.
• Drilling at Black Hills will test for the continuation of gold mineralisation up-dip and along strike of an isolated gold intercept hosted within the Plutonic Mine Sequence under overthrust granite.
• A ground gravity survey is also being completed at the Doolgunna North and Minnee prospects
AIC Mines holds over 2,171 sq. km of tenure located about 790 kilometres northeast of Perth on the northern margin of the Yilgarn Craton. The project includes 100% owned tenements and a joint venture with Venus Metals Corporation Limited.
The Marymia Project is prospective for both gold and copper deposits. It is strategically located within trucking distance of the Plutonic Gold Mine and the DeGrussa Copper Mine.
Drilling
The Copper Hills Belt (100% AIC Mines) is an interpreted preserved portion of Paleoproterozoic basin rocks, equivalent to the Bryah or Padbury basins, accreted to the northern margin of the Archean Plutonic Marymia Greenstone Belt (PMGB).
A programme of wide-spaced RC drilling was completed in 2021 testing for primary copper sulphide mineralisation below an historical seven kilometre trend of copper oxide mineralisation.
The drilling confirmed the presence of copper sulphide mineralisation associated with quartz-sulphide stockwork veins in a package of mafic and felsic schists.
An RC drilling programme of six holes for approximately 2,000m will follow-up the anomalous intersections returned from the previous drilling program.
A diamond drillhole, to test the continuation of mineralisation down dip of that intersected in RC drill hole 21ACHC007, has recently been completed with assay results awaited.
At the Black Hills Prospect (100% AIC Mines) an initial programme of RC drilling will follow-up an isolated historical diamond drill hole that intercepted 5m grading 2.67g/t gold from 349m.
Drilling will determine the extent of mineralisation both up-dip and along strike of the intercept, which is interpreted as being hosted in the Plutonic Mine Sequence Mafic, the same rocks which host the multimillion ounce Plutonic Gold Mine (owned by Superior Gold Inc).
The prospect is located approximately six kilometres to the southeast of the Plutonic Mine, where the mine sequence is interpreted to continue on a north-south trend under overthrust granite.
At Middle Island (100% AIC Mines) a programme of five RC drillholes for 1,000m is planned to follow-up gold anomalism in 21AMIC005, which returned a peak value of 1m grading 1.12g/t gold from the oxide zone.
The drilling will also aim to test if mineralisation is associated with a major NW trending fault and an interpreted area of magnetite destruction, which is often associated with orogenic gold deposits.
For further information please visit: https://www.aicmines.com.au/
