Australian Gold and Copper Reports 16m at 2.3g/t Gold From Evergreen RC Hole EGRC018

Shwetambri Chauhan

12 November 2026 10:15 AM AEDT

Australian Gold and Copper Reports 16m at 2.3g/t Gold From Evergreen RC Hole EGRC018

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Australian Gold and Copper (ASX:AGC) has reported high-grade polymetallic assay results from reverse circulation and diamond drilling at the Evergreen deposit within its South Cobar Project in New South Wales, with RC hole EGRC018 intersecting 16m at 2.3g/t gold, 70g/t silver, 1.4% copper and 12.2% combined lead and zinc from 112m depth, including 6m at 5.2g/t gold, 157g/t silver, 1.0% copper and 27.9% combined lead and zinc from 116m.

Key Points

EGRC018 also returned a copper-rich interval of 2m at 0.6g/t gold, 19g/t silver and 6.2% copper from 123m, and a shallower zone of 6m at 2.0g/t gold, 20g/t silver and 0.9% copper from 84m
RC holes EGRC015 and EGRC016 returned additional high-grade gold-silver results, including 1m at 5.7g/t gold and 202g/t silver from 98m in EGRC016
Diamond hole 26DDBR002 intersected 7m at 3.1g/t gold and 18g/t silver from 100m, including 0.7m at 5.9g/t gold and 42g/t silver from 101.1m
Regulatory approvals have been received for a third phase of drilling, with a high-powered RC rig scheduled to arrive later in the quarter; assays from three of the 21-hole RC program remain pending

EGRC018 Drilling Results at the Hillston Discovery Zone

The Hillston mineralised zone, the western discovery area at Evergreen, has now been tested over more than 220m of strike and is interpreted to comprise two to three mineralised lenses. EGRC018 was targeted up dip and more than 20m south of earlier discovery hole 26DDBR017. The completed 21-hole RC program at Evergreen comprised 2,593m of drilling in total. The recent RC program used a smaller rig to maintain access during wetter conditions, with drilling depths generally limited to approximately 150m, focusing on closer-spaced holes to better define shallow geometry, grade distribution and continuity of the Hillston zone.

Additional RC and Diamond Drilling Results Across Evergreen

Additional RC drilling results reported alongside EGRC018 include EGRC015, which returned 9m at 1.6g/t gold and 58g/t silver from 90m, including 5m at 2.4g/t gold and 94g/t silver from 91m. EGRC016 returned 6m at 1.4g/t gold and 53g/t silver from 95m, including 1m at 5.7g/t gold and 202g/t silver from 98m. Diamond hole 26DDBR002, from previously unsampled sections of core in holes 26DDBR002 to 26DDBR007, returned 7m at 3.1g/t gold and 18g/t silver from 100m, including 0.7m at 5.9g/t gold and 42g/t silver from 101.1m. The main Evergreen mineralised zone has been traced over more than 500m of strike.

Third Drilling Phase and Mineral Resource Estimate Progress

Regulatory approvals have been received for a third phase of drilling at Evergreen, with a high-powered RC rig scheduled to arrive later in the quarter. Assays have been reported for 18 of the 21 holes in the completed RC program, with results from the remaining three holes pending. According to the filing, recent drilling at Evergreen is expected to contribute towards an initial Mineral Resource Estimate for the deposit. The company's capital structure as at 30 September 2026 comprised 332 million shares, 7.5 million options and 11.5 million performance rights, with cash of A$5.9 million and no debt.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.