AIC Mines (ASX:A1M) said assay results and data from drilling and geophysical programs completed at its Jericho copper project in Queensland reported high-grade results, according to a Wednesday Australian bourse filing.
Stepout drilling at the Swagman shoot resulted in a significant intercept of six meters at 1% copper from a depth of 544 meters. Drilling at Matilda North intersected five meters grading 3.3% copper from 355.5 meters.
It also reported that anomalous copper, gold, and silver results returned from first-pass drilling at the Eloise South, Holbrook, and Bagdad prospects and it is planning follow-up drilling.
Further, geophysical surveys completed at the Delamerian base metals project in New South Wales confirmed prospective formations.
The firm's shares fell past 1% in recent trading on Wednesday.
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