QMines (ASX: QML) has reported further ‘outstanding’ copper and gold results from an ongoing RC drilling campaign at its flagship Mt Chalmers Project in Queensland.
The results, generated from nine drill holes, have returned multiple wide and ‘high-grade’ intersections of up to 5.1% CuEq, with significant intersections including:
- 69m @ 2.0% CuEq from 137m, incl.
- 16m @ 5.1% CuEq from 137m
- 4m @ 3.9% CuEq from 163m
- 14m @ 3.0% CuEq from 64m
- 15m @ 2.1% CuEq from 25m
- 40m @ 1.2% CuEq from 76m, incl.
- 9m @ 4.1% CuEq from 107m
Speaking on the results, QMines Executive Chairman Andrew Sparke said: “The historic Mt Chalmers copper mine continues to deliver shallow, thick and high-grade copper and gold results. Further step out drilling is continuing where the deposit remains open in a number of directions.
“The historic Mt Chalmers copper mine continues to deliver shallow, thick and high-grade copper and gold results”
The RC drill rig and our drilling team are performing exceptionally well with significantly more metres being delivered on a more regular basis. More results are expected shortly with a further eight holes submitted to ALS for assay.”
The company notes that it is moving ahead with a planned 30,000m of drilling operations, with an additional eight RC holes for 1,015m drilled at the project with assays pending.
In addition, these recently-gathered results indicate the presence of a second mineralised horizon that has not been previously recognised, providing further support for the company’s goal of expanding and upgrading the project’s Mineral Resource.
The Mt Chalmers Copper Project is located approximately 17km northeast of Rockhampton in Queensland, and covers a 316km² footprint with QMines holding a 100% interest in all associated tenements.
The project boasts a Measured, Indicated and Inferred JORC-2012 compliant Mineral Resource Estimate of 101,000t contained copper equivalent @ 1.7% CuEq. Importantly, 78% of the Resource sits within the Measured and Indicated JORC categories.
The company reports that further results gathered from downhole EM survey and additional RC holes will be released shortly.
Images: QMines Limited
