QMines (ASX:QML) has extended a ‘high-grade’ gold corridor from the latest batch of assays retrieved from the Mount Mackenzie Gold and Silver Project near Rockhampton in Central Queensland.
Intercepts returned from this batch of assays include 14m @ 3.04 grams per tonne gold and 7.2g/t silver from 21m, including 3m @ 7.26g/t gold and 7.5g/t silver from 29m at hole MMDD011, and 6m @ 3.85g/t gold and 5.7g/t silver from 24m, including 1m @ 19.85g/t gold and 11g/t silver from 24m at hole MMRC035.
The company says the results support a “broader structurally controlled epithermal system”. Both the North Knoll and Vein 355 deposits remain open along strike and at depth.
QMines has completed the initial drilling campaign with a large portion of the samples sent to the laboratory, awaiting results.
Exploration Manager Tom Bartschi says drill hole MMDD011 is important as it confirms a “coherent high-grade gold position” within the broader North Knoll corridor
“Together with the latest Vein 355 results, the current drilling continues to show that Mount Mackenzie is not a single zone system, but a broader structurally controlled epithermal field with multiple mineralised positions,” Bartschi says.
“The next phase of work will focus on refining geometry, continuity, and shoot controls at both North Knoll and Vein 355, while incorporating the remaining pending assays and updated structural interpretation into our targeting.”
As reported by Mining.com.au earlier this month, QMines was granted a $15 million investment from the QIC Critical Minerals and Battery Technology Fund (QCMBTF) to support development activities at its other nearby project, Mt Chalmers.
The Mt Chalmers Copper and Gold Project in Central Queensland is located only 17km northeast of Rockhampton and is the company’s flagship asset, spanning 316km2.
Mt Chalmers operated as an open pit and underground operation during 1898–1982. The project includes numerous volcanogenic massive sulphide deposits that are not currently included in the resource estimate.
QMines is focused on becoming Australia’s next copper and gold producer with a portfolio of assets in Queensland.
Write to Maddison Elliott at Mining.com.au
Images: QMines
