| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Alice Queen Ltd. |
| Project name: | Ngurupai (Horn Island) |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 10.0m @ 11.7g/t Au from 30.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Advanced gold and copper explorer, Alice Queen Limited (ASX:AQX) (“Alice Queen” or the “Company”) is pleased to provide final assays from the Close Space RC drill program that informed the Scoping Study for the Company’s Horn Island Gold Project, located in the Torres Strait, Queensland. Final assay results from a 49-hole close spaced RC drilling program have now been returned and also include recently returned surface and near surface assays that are subject to additional biosecurity protocols. This program tested a small but well understood area of the Mineral Resource Area at its south-eastern side and this program informed the recently completed Scoping Study and Mineral Resource Estimate (MRE). Drill holes were angled and spaced at 5m intervals across 7 x drill lines and drilled to maximum depth of 40m. The information in this announcement that relates to exploration results is based on information compiled by Mr Adrian Hell BSc (Hons) who is a full-time employee of Alice Queen Limited. Mr Hell is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Hell has sufficient experience that is relevant to the style |
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