Australian Gold and Copper Ltd (ASX:AGC) Accelerates Achilles Exploration Program in 2025
Financial Position
Australian Gold and Copper Ltd maintains a strong financial position with $15.7 million cash on hand at 31 March 2025.
Exploration Activities
The Company has accelerated its Achilles exploration program, conducting a large-scale aircore drilling campaign along the Achilles Shear Zone. To date, 280 holes totaling approximately 10,000 metres have been drilled out of a planned 310-hole program. Additionally, helicopter VTEM and drone magnetics surveys have been completed, with results pending.
Drilling Results
Assay results from the first 81 aircore holes indicate a strong and coherent geochemical anomalism, suggesting the Achilles deposit footprint could extend at least 1.2 kilometres south of the known mineralisation. A separate seven-hole drilling program targeting shallow oxide mineralisation delivered notable gold and silver intersections, including 30 metres at 0.7g/t Au and 23g/t Ag from 16 metres.
Future Plans
Planning is underway for a reverse circulation (RC) drilling program to follow up the AC program and target further extensions at Achilles. The Company is also preparing for metallurgical test work and aims to complete a Mineral Resource estimate in the latter half of 2025.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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