LinQ Minerals (ASX:LNQ) has reported new results from its phase one maiden drilling program at the Gilmore Gold-Copper Project in the Macquarie Arc in New South Wales.
A total of eight holes were completed at the Monza Gold-Copper prospect within Gilmore’s Central Zone, testing extensions that were intersected in historical drilling at the prospect.
The latest results cover assays from four holes. Highlights include 113m @ 0.71% copper equivalent (CuEq) from 33m, including 72m @ 0.95% CuEq from 45m, including 4m @ 5.3% CuEq from 62m; and 193m @ 0.45% CuEq from 49m.
This builds on previous copper-gold results reported in mid-July, which include 226m @ 0.70% CuEq from 47m and 208m @ 0.61% CuEq from 38m.
LinQ says the latest drilling also demonstrates that mineralisation remains open along strike and at depth in all directions.
The company notes that these results confirm a system of porphyry copper-gold mineralisation that is related to a broader complex of monzonite and monzodiorite intrusives.
Holes 009 and 010 in particular confirm the shallow depth of the mineralisation to the north and east, with potential addition of extensions up-dip and along strike to the ‘high-grade’ sulphide breccia that was intersected in discovery in 2007.
Executive Chair Clive Donner says that drilling continues to intersect shallow, thick, near-surface copper mineralisation.
“The prospect remains open in all directions, including a 1km strike between Monza (prospect) and Estoril (Gilmore resource),” Donner says.
“We are highly encouraged by our maiden drill campaign at Monza and planning is currently underway to follow up with additional drilling to test the size of the system.”
Monza sits along a 17km-long mineralised porphyry copper and gold corridor. The company holds mineral resource estimates (MREs) for the Estoril, Culingerai, and Mandamah deposits. It also features advanced prospects like Monza and Donnington.
The Gilmore Project itself is situated within the Macquarie Arc province within the Lachlan Fold Belt, regarded as Australia’s premier porphyry gold-copper region. LinQ holds around 597km2 of tenements with over 20 known prospects and six mineral resource deposits, making it a major player in the region.
The project is adjacent to highway, rail, water, and grid infrastructure, with a skilled workforce also in the region.
Gilmore itself holds a global JORC MRE of 516 million tonnes (Mt) at around 3.7 million ounces of gold and 1.2Mt of copper metal.
LinQ has follow up extensional drilling planned for Monza following these results, with funding secured to cover over 30,000m of drilling.
Write to Amy Rotman at Mining.com.au
Main image: LinQ Minerals
