LinQ Minerals (ASX:LNQ) has reported ‘thick’ gold and copper intersections from phase two drilling at the Dam deposit within the Gilmore Project.
Results from five holes include 141m @ 0.88 grams per tonne gold equivalent from 183m in hole TDRCD006, extending the ‘high-grade’ gold and copper core downdip by 100m to approximately 270m depth.
At Hole TDCR008, intercepts include 101m at 0.68g/t gold equivalent from 49m, and 131m @ 0.67g/t gold equivalent from 129m in TDRCD009. Both holes recorded intersections exceeding the current resource grade at shallow open pit depths.
Hole TDRCD010 intersected 8m @ 1.56g/t gold equivalent from 101m, representing a gold-rich epithermal zone outside the current resource.
These results build upon phase one drilling, which delivered 144m @ 1.00g/t gold equivalent from 84m in TDRCD001, 142m @ 1.01g/t gold equivalent from 121m in TDRCD002, and 130m @ 1.00g/t gold equivalent from 108m in TDRCD003.
LinQ Minerals Executive Chair Clive Donner says the latest batch of drill results has “substantially increased the higher-grade portion of the resource”, with the uplift occurring in the inferred classification of the existing JORC resource.
“We have also discovered a new potential gold zone to the east of the resource, which is a new target for near deposit exploration,” Donner adds.
The Gilmore Project hosts a global mineral resource estimate of 516 million tonnes containing approximately 3.7 million ounces of gold and 1.2 million tonnes of copper metal, located in the Macquarie Arc geological province in New South Wales.
Write to JC Villarba at Mining.com.au
Images: LinQ Minerals
