AIC Mines (ASX: A1M)

Announced drilling results from the Brumby prospect, Cannington Project, located 20 kilometres west of the Cannington mine and 100 kilometres south of the Eloise copper mine in northwest Queensland.

Hole (BRDD001) returned an exceptional result of 46.4m (41.8m ETW) grading 3.6% Cu and 1.0g/t Au.

 

 

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	AIC Mines	ASX: A1M
	Stage	Production, development
	Metals	Gold, copper
	Market Cap	A$599 Million   @ A$0.75
	Location	Queensland, Australia
	Website	www.aicmines.com.au

 

 

 

 

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High-Grade Copper-Gold Mineralisation Intersected at the Brumby Prospect, QLD

 

 

 

 

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AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to announce
drilling results from the Brumby prospect, Cannington Project, located 20 kilometres
west of the Cannington mine and 100 kilometres south of the Eloise copper mine in
northwest Queensland.

 

 

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Highlights

• The first diamond hole (BRDD001) drilled at the Brumby copper-gold prospect by
AIC Mines testing the concept of a mineralised shoot returned an exceptional
result of:
• 46.4m (41.8m ETW) grading 3.6% Cu and 1.0g/t Au from 146.5m, including
 10.5m (9.4m ETW) grading 14.4% Cu and 3.8g/t Au from 151.5m
• This result represents the highest-grade mineralisation intersected at the Brumby
prospect to date and underlines the strong potential of the system to generate
significant widths of high-grade copper and gold mineralisation.
• A further two holes were drilled to define the shoot. BRDD002 defined the eastern
margin of the shoot and returned no significant results, while the second step-out
hole returned a positive result of:
• BRDD003 – 3.0m (2.0m ETW) grading 0.6% Cu and 0.1g/t Au from 279.0m, incl.
 1.0m grading 1.2% Cu and 0.1g/t Au from 281.0m
• These results successfully extend mineralisation intersected by historical drilling in
the southern portion of a larger sulphide-magnetite breccia pipe, which included:
• BRNQ0012 – 17.0m (14.0m ETW) grading 1.7% Cu and 0.5g/t Au from 157.0m, incl.
 4.0m (3.5m ETW) grading 2.3% Cu and 0.7g/t Au from 157.0m
• BRRC0004A – 9.0m (7.0m ETW) grading 1.3% Cu and 1.3g/t Au from 71.0m, incl.
 2.0m (1.5m ETW) grading 4.7% Cu and 5.0g/t Au from 73.0m
• Mineralisation has now been defined within the breccia pipe over a strike length of
500m and to a depth of 200m. This mineralisation remains open to the west,
southwest, and at depth.

 

 

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Commenting on the results, AIC Mines’ Managing Director Aaron Colleran said:

“We’ve had a dream start to the 2026 field season with great results at Iris and Eloise South, released last week, and now Brumby.

 

“The intersection in hole BRDD001 is a fantastic result and escalates the Brumby project to our highest priority exploration project.

 

“We are awaiting results from additional geophysical and geochemical surveys to aid our understanding of the hydrothermal system and to help guide follow-up
drilling.

 

“Planning and approvals for the next round of drilling are underway.”

 

 

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Brumby Prospect – Cannington Project (AIC Mines 100%)

The Brumby prospect is located 20 kilometres west of the Cannington silver mine owned and operated by South32 Limited (ASX: S32) and approximately 100 kilometres south of AIC Mines’ Eloise copper mine and processing plant.

The prospect occurs within the larger Cannington Project which consists of
approximately 636km2 of semi-contiguous, 100% owned tenure south of the Eloise Regional Project and surrounding the highly endowed area between the Cannington lead-silver mine and Pegmont base-metal deposit.

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To read the full news release please click HERE

 

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Disclosure

At the time of writing the author holds shares in AIC Mines.

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