QMines (ASX:QML) is continuing to intersect semi-massive sulphide mineralisation from its ongoing drilling at the Mt Chalmers Project in Queensland, Australia.
The company says that sphalerite and galena mineralisation in each drillhole suggests that the semi-massive sulphide envelope is improving towards the southwest, and upcoming drillholes will test this ‘exciting’ trend.
During May and June 2023, 8 holes were drilled for 1,096m, with 6 of the holes targeting the lightly drilled southwest side of the West Pit, while the other 2 holes targeted the eastern extension of the resource.
Samples from all of the drillholes have been delivered to the ALS Laboratory in Brisbane for analysis.
QMines adds that drilling is continuing to test for further extensions of mineralisation in this area.
Commenting on the recent activities, QMines Managing Director Andrew Sparke says: “We are extremely pleased to see extensions to massive sulphide mineralisation between the Mt Chalmers and Woods Shaft deposit.
“The team will continue to pursue this target with the aim of locating a new deposit within this exciting corridor”
As predicted, faulting appears to have played a major role in concentrating grade, while possibly obscuring the mineralisation at surface. The team will continue to pursue this target with the aim of locating a new deposit within this exciting corridor.”
The recent drilling has focused on the prospective southwest corridor between the Mt Chalmers West Lode and the Woods Shaft deposit.
QMines says drilling is proceeding systematically away from the West lode towards the southwest and continues to intersect semi-massive sulphides and associated base metal exhalites, along with the underlying copper sulphide stringer zone.
Shares in QMines spiked 19.05% to close at $0.12 on Thursday afternoon (22 June).
QMines is a Queensland-based copper and gold exploration and development company. It wholly owns 4 ‘advanced’ projects covering a total area of 1,096km-square.
The Mt Chalmers Project is the company’s flagship project and is located 17km northeast of Rockhampton, Queensland.
Write to Aaliyah Rogan at Mining.com.au
Images: QMines Ltd