InvestSMART

Australian Gold and Copper Ltd (ASX:AGC)

ALERT: Price-sensitive ASX Announcement for AGC
Current share price for AGC : $0.125 -0.065 (-34.21%)+
Announcement
Release
17 Nov 2025 10:22AM
Price at Release
$0.190
Full Release
download
Summary
Australian Gold and Copper Ltd (AGC) has been exploring the Achilles Shear Zone, with recent reverse circulation (RC) drilling revealing significant mineralisation along a 6km stretch of the zone. The Achilles Road Base Quarry, located between 4 to 6km south of the Achilles deposit, shows potential with analogous rocks, hydrothermal alterations, and geochemical anomalies. The drilling program, consisting of 23 holes, has returned promising results for gold, silver, copper, lead, and zinc. Notable results include high-grade silver equivalent (AgEq) values and the presence of pathfinder elements such as antimony and molybdenum, which are indicative of higher-grade zones. Future work will focus on extending the mineralisation along strike and at depth, with upcoming assays expected to provide further insights.
Key Points
  • AGC conducted a 23-hole RC drilling program along the Achilles Shear Zone.
  • The Achilles Road Base Quarry is identified as a key target area.
  • The shear zone is rich in gold, silver, copper, lead, and zinc.
  • High silver equivalent values were recorded, suggesting significant mineralisation.
  • Pathfinder elements like antimony and molybdenum indicate higher-grade zones.
  • Future drilling will focus on extending mineralisation along strike and depth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.