AIC Mines Limited (ASX: A1M) ('AIC' or the 'Company') is pleased to announce that reverse circulation ('RC') drilling has commenced at its Marymia Project located 160 kilometres south of Newman in the Gascoyne region of Western Australia.

Overview

The RC drilling will comprise up to 5,000 metres focussed primarily on the Middle Island Prospect for orogenic gold and the Copper Hill Prospect for copper-gold mineralisation.

The Middle Island prospect lies within the Plutonic-Marymia Greenstone Belt, 10 kilometres SW of the historic Marymia mining area and captures a 6.6km2 portion of the same mineralised trend that hosts Vango Mining's recently drilled Skyhawk open-pit target.

At Copper Hill, wide-spaced drilling will explore for depth extensions to the approximately 7-kilometre surficial copper oxide mineralisation trend located within the larger Copper Hills Belt. This has been interpreted as a preserved portion of Paleoproterozoic basin rocks, equivalent to the Bryah or Padbury basins and thus having the potential to host volcanogenic massive sulphide (VMS) mineralisation such as the nearby DeGrussa and Horseshoe Lights copper-gold deposits.

In addition, a small RC drilling program will be completed at the DeGrussa North Prospect, located within the Curara Well Joint Venture, which is defined by a surficial gold anomaly associated with a regionally extensive NE trending interpreted thrust fault.

Final assay results from a 786 metre RC drilling program completed on the Curara Well Joint Venture in the June 2021 Quarter have now been received. No elevated copper, gold or pathfinder elements were returned.

AIC Mines holds a large area of tenements located about 790km northeast of Perth on the northern margin of the Yilgarn Craton. The project includes joint ventures with Ausgold Limited (ASX: AUC) and Venus Metals Corporation Limited (ASX: VMC) The Marymia Project captures over 3,600 km2 of strike extensions and segments of the highly endowed Plutonic-Marymia Greenstone belt, which has produced in excess of 6 million ounces of gold along with preserved segments of Paleoproterozoic basin rocks that are prospective for VMS-style base metal deposits. The project is strategically located within trucking distance of the Plutonic Gold Mine and the DeGrussa Copper Mine.

Contact:

Aaron Colleran

Tel: (08) 6269 0110

Fax: (08) 6230 5176

Email: info@aicmines.com.au

(C) 2021 Electronic News Publishing, source ENP Newswire