Junior copper explorer QMines (ASX:QML) has identified a cluster of anomalies at its Artillery Road prospect, part of its flagship Mt Chalmers Copper and Gold Project in Queensland.
The targets were defined through an electromagnetic survey, which revealed new induced polarisation conductor targets at depth.
This follows initial drilling at Artillery Road that QMines says confirms a large mineralised skarn deposit.
Skarn deposits are large sources of metals like copper, gold, silver, zinc, lead, tungsten and iron. They can be large and high grade.
The Antamina Copper Mine in Peru – which is jointly owned by BHP (ASX:BHP), Glencore (LON:GLEN) and Teck Resources (NYSE:TECK) – is a skarn deposit that produces copper, zinc, silver and gold. It is one of the world’s largest mines with annual production of around 560,000 copper equivalent tonnes.
Chairman Andrew Sparke says QMines will begin drilling the new targets once field investigation is complete and access and compensation agreements are finalised.
“With 40 plus electromagnetic and newly identified induced polarisation anomalies to assess, QMines has an excellent pipeline of regional drilling targets that will extend well into the future,” he says.
The company is now preparing access agreements to pave the way for ground truthing, mapping and completing soil sampling at the targets.
This will be followed by a drill program to test multiple anomalies.
QMines will be presenting on day one of the Vertical Events 2024 Gold Coast Investment Showcase, being held on 19 and 20 June at the JW Marriott Gold Coast Resort & Spa in Queensland.
Mining.com.au is a media partner of this year’s event. To register for free click here.
Write to Angela East at Mining.com.au
Images: QMines
