AIC Mines Initiates Drilling at Jericho Copper Deposit

AIC Mines Limited ( (AU:A1M) ) has issued an announcement.

AIC Mines has commenced diamond drilling at the Jericho Copper Deposit within the Eloise Regional Project in Queensland, planning approximately 9,000 meters of diamond drilling and 2,700 meters of Reverse Circulation drilling. The drilling aims to expand resources and upgrade Inferred Resources to Indicated category, potentially providing additional mining fronts early in the Jericho mine schedule. The Jericho discovery is significant for the company, extending the deposit’s strike by over 2 kilometers and increasing resources by 95% since acquisition. This success supports the vision of Eloise operating as a regional processing hub well into the next decade, with further exploration potentially extending its life and production.

More about AIC Mines Limited

AIC Mines is a growth-focused Australian resources company specializing in the exploration, development, and acquisition of gold and copper assets in Australia. The company owns the Eloise copper mine, a high-grade underground mine in North Queensland, and is advancing a portfolio of exploration projects for copper and gold.

YTD Price Performance: 66.47%

Average Trading Volume: 13,843

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $137.3M

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