Announcement Date: 2022-09-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: QMines Ltd.
Project name: Mt Chalmers
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 34m at 0.59g/t Au, 3g/t Ag, 0.94% Cu from 124m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: QMines Limited (ASX:QML) (QMines or Company) is pleased to provide the following update on exploration and resource drilling operations at its flagship Mt Chalmers Copper and Gold Project, located 17km north-east of Rockhampton, Queensland (Figure 1). Reverse Circulation (RC) drilling at the Mt Chalmers project continues to deliver consistent wide mineralised intersections with high-grade assays received from multiple drillholes. Peak grades include 6.6% Cu and 3.5g/t Au in hole MCRC038, 6.8% Cu and 11.45g/t Au in MCRC041 and 10.0% Cu and 3.6g/t Au in MCRC044 over individual metres assayed. The Company has continued to accelerate drilling operations at Mt Chalmers with current drilling focused on increasing the Mt Chalmers Mineral Resource Estimate (MRE). During the period, the Company completed twenty-four of a planned forty-hole drill program which commenced in August 2022. Approximately 4,022 metres of RC drilling has been completed to date. The results from fifteen of the twenty-four holes drilled are reported in this announcement. QMines has now completed approximately 14,000 metres of RC and diamond drilling at the Mt Chalmers project.
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