Evergreen project yields exceptional 16-metre polymetallic strike
Evergreen drilling returned a standout 16-metre hit with 2.3g gold, 70g silver, 1.4% copper and 12.2% lead-zinc from shallow depths.
Australian Gold and Copper announced exceptional drill results from its Evergreen project in the South Cobar basin. One 16-metre hole contained 2.3 grams per tonne of gold, 70 grams per tonne of silver, 1.4 per cent copper and 12.2 per cent combined lead-zinc.
Within that interval, a narrower 6-metre zone graded even higher: 5.2 grams gold, 157 grams silver and 27.9 per cent lead-zinc. A separate 2-metre zone contained 6.2 per cent copper.
Multiple other drill holes showed similar high-grade results across more than 220 metres of strike, suggesting a large mineralising system. The company is building toward a maiden resource estimate and remains well-funded with $5.9 million in cash and no debt.
- 16 metres from 112m
- Standout hole length
- 2.3 grams per tonne
- Gold grade in standout zone
- More than 220 metres
- Strike length at Hillston zone
- $5.9 million
- Cash on hand
Why it mattersHigh-grade deposits at shallow depths with a large strike length could support a significant mining operation for years, generating economic value.
AustraliaIf the resource proves economically viable, NSW gains a potential new mine and employer, adding to the region's mining industry and tax base.
