Australian Gold and Copper gears up to drill test strong new targets

(via NewsDirect)

Australian Gold and Copper Ltd (ASX:AGC) MD Glen Diemar runs Proactive through the highlights of the explorer’s June quarter - one of the biggest periods in the company’s history. The focus of the quarter was on the execution of three IP geophysics surveys, each supported by extensive surface geochemistry and mapping programs, which defined five new strong drill targets.

The company is now gearing up to test these targets with drilling.

Looking forward, AGC will focus its next two quarters on the five new drill targets defined at the South Cobar Project. Drill hole design and permitting for an initial drill program at Hilltop is complete with drilling flagged to start once a track mounted RC rig becomes available. Permitting is ongoing for the other four targets.

At the Ootha Projects infill soil sampling is planned, while at Gundagai’s Bongongalong target, further sampling is planned to locate the highest priority areas for follow up geophysics and potential drill testing.

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