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AGC — Australian Gold and Copper News Story

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Australian Gold and Copper rises on gold hits at New South Wales project

BUZZ-Australian Gold and Copper rises on gold hits at New South Wales project

** Shares of Australian Gold and Copper AGC.AX rise as much as 7.2% to A$0.113, hitting their highest level since October 28

** Diversified miner reports shallow high-grade gold results from reverse circulation drilling within its Evergreen prospect in New South Wales

** Co says results extend shallow oxide gold mineralisation identified in earlier drilling

** Adds assay results have been received from nine of 21 reverse circulation holes, with results from 12 more holes pending

** More than 340,000 shares change hands, about 2.2x the 30-day average

** YTD, stock down 51.1%


(Reporting by Subhalakshmi Dey in Bengaluru)

((Subhalakshmi.Dey@thomsonreuters.com;))

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