Announcement Date: 2023-02-14
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. 12m at 0.73g/t Au, 36.8g/t Ag, 0.64% Cu, 0.82% Pb, 3.08% Zn from 158m
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 a six-hole reverse circulation (RC) drilling program at Mt Chalmers for 1,190 metres at the end of November 2022. With the Mt Chalmers third and fourth Mineral Resource Estimate (MRE) delivered in November, this recent round of drilling aimed to test more distal extents of the deposit. Base and precious metal results from this drilling can be seen in Table 1, drill collar locations in Figure 2 and cross section AA’ in Figure 3. The drilling results have delivered several intersections with copper equivalent grades up to 3.03% CuEq in hole MCRC051, which extends the mineralisation towards the north-west.
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