AIC Mines Limited provided an update on its maiden drilling program completed at the Lamil Gold-Copper Project in December 2020. Diamond drillhole 20ALDD0003 was designed to test a prominent gravity high/magnetic low geophysical target coincident with a zone of marked structural complexity defined by the convergence of several major E-W/NW & N-S trending structures located along the central-eastern flank of the Lamil Main Dome, a position analogous to the main ore hosting position at the Telfer gold-copper mine. The hole penetrated the cover-basement unconformity at 68.7m downhole depth and immediately encountered variably altered, structurally disrupted/faulted basement metasediments comprising well laminated to intensely brecciated mudstones-siltstones-quartz sandstones with abundant vuggy quartz-carbonate veining. Trace amounts of sulphide (pyrite dominant) were evident as fine disseminations, rare coarser blebs and fine-thin stratiform and cross-cutting veinlets. Assays from this interval returned low-level copper enrichment at the basement interface which may be reflecting an underlying source. The hole remained in a structurally deformed and quartz-carbonate veined package of metasediments through to the end of the hole at 548.5m depth. At approximately 450m downhole depth the hole encountered a major lithological change coarsening abruptly from siltstone to sandstone. The contact between these units is marked by faulting, increased silica-chlorite-sericite alteration, and increased quartz-carbonate veining. Sulphides (predominantly pyrite) were evident as fine disseminations, lesser coarse blebs, stratiform and cross-cutting veins to 2m thickness and finer veinlets. Assays from this interval show several zones of anomalous Cu, Bi, P, Mn, Au, Pb, Fe and S. In particular between 400m to 450m downhole there is a coincident enrichment in the key pathfinder elements Cu-Bi-Au with associated elevated Fe, S and P. Diamond drillhole 20ALDD0006 was designed to test the outer southeastern limb of the magnetic Lamil Main Dome. The target is coincident with a gravity high, located where the dome is disrupted by a northeast trending cross-structure. The hole was also designed to test for a southern strike and depth extension to a mafic intrusive (dolerite) which was intersected in holes 20ALAC0018 and 20ALRC0028 located some 800m to the northwest. The hole penetrated the Permian cover, Proterozoic basement unconformity at 85.5m downhole depth. At this location, the basement comprises finely bedded fine grained quartz sandstone with altered siltstone. Sediments are tightly folded throughout displaying distinct basin and dome interference patterns. Similar folding is well documented at Telfer and is an important control on the distribution of gold and copper mineralisation within the Telfer orebodies. At downhole depths of 98.6m and 117.3m 20ALDD0006 intersected several zones of brecciated quartz-carbonate veining. The veins crosscut bedding and show variable amounts of sulphides including chalcopyrite, pyrrhotite and pyrite (up to 20%) as fine to coarse disseminations, coarser blebs, and irregular veinlets. At 200m downhole 20ALDD0006 encountered a faulted contact with a dolerite intrusive interpreted to be the southern strike extension of the dolerite intersected 800m to the north in holes 20ALAC0018 and 20ALRC0028. The upper part of the dolerite intrusive displays abundant brecciated quartz-carbonate veining containing up to 20% sulphides including pyrite, pyrrhotite and chalcopyrite. The dolerite appears to be differentiated varying from pyroxenitic to a medium grained quartz-feldspar (possibly granophyric) massive dolerite. Actinolite veining was also intersected and often associated with sulphides (pyrrhotite +/- chalcopyrite + pyrite) in trace amounts up to about 5%. The hole remained within dolerite over a downhole interval of almost 200m to its termination depth at 393.6m. The true thickness of the intrusive remains unknown at this location. Assay results from hole 20ALDD0006 have not yet been received. Diamond drillhole 20ALDD0007 was designed to test the outer southeastern limb of the magnetic Lamil Main Dome, coincident with a gravity high in an area of structural complexity where the dome is disrupted by a northeast trending cross-structure. The strongly magnetic feature is likely representing a mafic dolerite intrusive which cross cuts the sedimentary package and was intersected in holes 20ALDD0006, 20ALAC0018 and 20ALRC0028 described above. The hole penetrated the cover-basement unconformity at approximately 56m downhole depth and immediately encountered dolerite. At 119m downhole 20ALD0007 intersected a 5cm vein of massive pyrrhotite showing fine disseminated, fine veinlet and coarser blebby chalcopyrite. Metasediments were intersected from 135m - 174m. A brecciated zone from 143m - 146m with patchy carbonated filled voids showed increasing carbonate alteration within sediments prior to re-entering dolerite. At 225m - 230m the dolerite was again cut by brecciated quartz-carbonate veins containing sulphides including pyrrhotite, chalcopyrite and pyrite as irregular cross-cutting veins, thin massive sulphide veins, fine disseminations, and rare coarser blebs. The dolerite again becomes differentiated and progressively more massive with an increase in actinolite veining at depth. The actinolite veins are commonly associated with minor pyrrhotite, chalcopyrite and pyrite. Metasediments were intersected at 401m showing strong chloritic alteration. The hole was terminated at 439m in massive fine grained meta-quartz sandstone. Assay results from hole 20ALDD0007 have not yet been received. Assay results from the final drill holes are expected to be received in early February. AIC's drilling program is the first drilling ever conducted at the Lamil Dome targets. The geological and geochemical information provided by this drilling is very encouraging and has exceeded expectations. Additional RC and diamond drill holes are planned to both extend and infill the Phase 1 program. Preparation for this work is underway with Heritage Surveys expected to be completed mid-April 2021. Drilling will recommence shortly thereafter dependent on drill rig availability.