AIC Mines Limited (ASX: A1M) ('AIC Mines' or the 'Company') is pleased to report assay results from reverse circulation (RC) drilling programs completed at the Copper Hills prospect and the Middle Island target at the Marymia Project.
The results have confirmed the presence of copper sulphide mineralisation below an extensive copper oxide zone at the Copper Hills prospect and anomalous gold in oxide and fresh rock at the Middle Island target.
Marymia Project (predominantly 100% owned tenements)
AIC Mines holds a very large area of tenements located about 790 kilometres 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 is prospective for both gold and copper deposits. It is strategically located within trucking distance of the Plutonic Gold Mine and the DeGrussa Copper Mine.
Copper Hills - Drilling Results
The Copper Hills Belt (100% AIC Mines) is interpreted as a preserved portion of Paleoproterozoic basin rocks, equivalent to the Bryah, Yerrida or Padbury basins, accreted to the northern margin of the Archean Marymia Inlier. It hosts the Copper Hills prospect where oxide copper mineralisation associated with discontinuous stringers of malachite and azurite were discovered in the 1970's. A total of 9 RC holes for 1,820m was drilled testing for primary copper sulphide mineralisation below an historical 7 kilometre trend of surficial copper oxide mineralisation defined by both soil geochemistry and sporadic historic shallow drilling. Assay results from 5 holes have been received. Results confirm the continuation of copper mineralisation in fresh rock.
Disseminated sulphides to quartz-sulphide stockwork veins (dominantly chalcopyrite and pyrrhotite) are hosted in steep north dipping mafic to felsic schists, associated with a narrow interval of hematite-silica (jaspilite) and chlorite-sericite alteration. These characteristics are considered analogous to other volcanic hosted massive sulphide settings in Paleoproterozoic basins, such as the nearby DeGrussa copper deposit.
Forward-Looking Statements
This Announcement includes 'forward-looking statements' as that term within the meaning of securities laws of applicable jurisdictions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond AIC Mines' control. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this announcement, including, without limitation, those regarding AIC Mines' future expectations. Readers can identify forward-looking statements by terminology such as 'aim,' 'anticipate,' 'assume,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'risk,' 'should,' 'will' or 'would' and other similar expressions. Risks, uncertainties and other factors may cause AIC Mines' actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results, performance or achievements). These factors include, but are not limited to, the failure to complete the project in the time frame and within estimated costs currently planned; the failure of AIC Mines' suppliers, service providers and partners to fulfil their obligations under supply and other agreements; unforeseen geological, physical or meteorological conditions, natural disasters or cyclones; changes in the regulatory environment, industrial disputes, labour shortages, political and other factors; the inability to obtain additional financing, if required, on commercially suitable terms and global and regional economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Although AIC Mines believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Contact:
Tel: (8) 6269 0110
Fax: (8) 6230 5176
AIC MINES LIMITED 
