Image: supplied.
Australian Gold and Copper Ltd (AGC) had it’s first major gold and silver discovery at the Cargelligo Project.
This first significant discovery was made late last month and was drilled within the Ural Volcanics in the Southern Cobar Basin.
In a window into some fascinating earlier geological history, the Ural Volcanics refers to a subterranean period of more than 450 million years ago resulting in layers of stilled lava sitting between rocks deep under the surface.
In a statement to the Australian Stock Exchange (AGC) said “results returned for ten holes totalling 1,596 metres…highlighted high grade gold-silver base metal”…