Australian Gold and Copper Ltd (ASX:AGC) shares are trading more than 5% higher intra-day at 5.8 cents after receiving further rock chip results showing consistently high gold grades (>1.0g/t) from the Hilltop target within the South Cobar Project in New South Wales.
Extensive outcrops of previously unknown weathered sulphides were mapped and sampled directly above the 700-metre-long IP chargeability anomaly reported recently.
The 49 rock chips recently sampled returned consistently elevated gold up to a maximum of 6.6g/t gold.
24 of the 49 samples were also above 1.0g/t gold, 12 were above 2.0g/t, and 5 were above 3.0g/t.
Hilltop new rock chip results (yellow outlines) highlighting a consistent gold trend above the chargeability anomaly (purple). Right hand image is an insert from the white box in the left-hand image.
The outcrop also hosts strong silver to 92g/t and copper to 0.22% with 5.3g/t gold.
These results, along with results previously reported, take the zone of elevated gold in rock chips to over 450 metres in length.
Given the strength of the latest surface results and the impressive IP chargeability anomaly identified directly below, design and permitting for an initial drill program at Hilltop is now underway.