| Announcement Date: | 2022-11-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | QMines Ltd. |
| Project name: | Mt Chalmers |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper,Lead,Zinc |
| Highlight: | Drilling results incl. 25m at 0.91g/t Au, 2.0g/t Ag, 0.09% Cu, 0.16% Pb, 0.35% Zn from 30m |
| 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). The Company completed an eleven-hole Reverse Circulation (RC) drilling program at the Woods Shaft Exploration Target¹ and four additional holes at Mt Chalmers for 1,455 metres drilled. Drilling was completed at the end of September 2022 and results have now been received for the four outstanding holes drilled at Woods Shaft and from one outstanding hole drilled at Mt Chalmers. Base and precious metal results from the Woods Shaft and Mt Chalmers RC drilling can be seen in Table 1 with Woods Shaft drill collar locations shown in Figures 2 and Mt Chalmers collar locations shown in Figure 3. An updated section AA’ from Woods Shaft drilling can be seen in Figure 4. The drilling results from the Woods Shaft prospect have delivered several broad intersections with exceptional copper equivalent grades up to 8.26% Copper Equivalent (CuEq) |
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