Australian Gold and Copper Limited announced that drilling at the Grandview gold target near Gundagai has commenced. The Grandview target represents a Late Silurian, shear hosted gold mineralisation style associated with quartz + carbonate + sericite + pyrite alteration over 1,500m and up to 230m wide gold-arsenic trend with a geochemical signature of Au ± As-Bi-Te-Cu-Mo-Ba. This demonstrates similarities to the Late Silurian hosted McPhillamys 2.2Moz gold deposit.

The Grandview area has returning up to 35g/t gold in composite rock chip sampling. Over the two months, drill pads have been successfully constructed and permitting granted, as well as a UDR650 track mounted RC drill rig secured. The drill program is planned to comprise up to ten holes spread along 600m strike at 100m step outs.

Drilling to target the northern zone at Grandview, which boasts the broadest and highest tenor gold-in soil-results and is 230m at its widest. Peak gold in soil values reach to 360ppb and the trend is open to the north.