Australian (ASX) Stock Market Forum

Reply to thread

Some movement finally for AIC Mines after encouraging exploration results from its 100% owned 4G Hill Prospect at the Marymia Exploration Project located in central Western Australia.


[ATTACH=full]95714[/ATTACH]


Some very high grade results there which the company has said that it will be using to plan an RC drilling program.


The Marymia Project is prospective for both gold and copper mineralisation and is strategically located within trucking distance of the Plutonic gold mine and the Degrussa copper mine. The tenement area held by AIC Mines has seen limited previous exploration.


The company has a very tight register, Josef El-Raghy as Chairman and a modest $20 million market cap ($10 million in cash and liquid investments and US$4 million coming in soon from the sale of Kitumba). With a bullish gold price and plenty of exploration coming up, this is one to watch.


[ATTACH=full]95716[/ATTACH]


Top