Australian Gold and Copper Ltd (ASX:AGC)

Australian Gold and Copper Ltd (AGC) announced significant results from its ongoing drilling program at the Achilles project, part of the South Cobar Project in New South Wales. The company reported strong oxide gold results near the surface, including a notable drill hole (A3OX010) which returned 5 meters at 19.1 grams per tonne (g/t) gold and 52 g/t silver. The drilling program included 12 oxide aircore holes totaling 994 meters, focused on targeting near-surface gold and silver mineralization. The findings highlight a thick zone of gold-dominant mineralization, indicating potential future mineral resources. AGC plans to further drill around A3OX010 to better define the scale of high-grade oxide mineralization. Additional assays are pending for eight more reverse circulation (RC) holes and three diamond core holes targeting larger gaps within the existing deposit. This exploration effort is supported by the arrival of a second rig to drill test the southern Achilles Shear Zone, emphasizing the company's commitment to expanding and developing its resource base at this site.