QMines (ASX:QML) has successfully intersected more copper and gold mineralisation between the Mt Chalmers and the Woods Shaft deposits in Queensland.
The company, which is Australia’s first zero carbon copper and gold developer (having attained the Federal Government’s Climate Active certification) is advancing a Pre-Feasibility Study (PFS) to assess the potential for a standalone mining operation at Mt Chalmers – a past-producing mine.
Highlights:
- Drilling successfully extends Mt Chalmers deposit to the South West.
- Base metal sulphides intersected in all new drill holes.
- Samples now at ALS laboratory for analysis with results expected shortly.
- Drilling to continue along improving strike extensions.
- Final Electromagnetic plate modelling for new priority drill targets nearing completion.
Recent drilling has concentrated on the prospective southwest corridor between the Mt Chalmers West Lode and the Woods Shaft deposit. Drilling is proceeding systematically away from the West lode towards the south-west and continues to intersect semi-massive sulphides and associated base metal exhalites, along with the underlying copper sulphide stringer zone.
Sphalerite and galena mineralisation in each drillhole indicates that the semi-massive sulphide envelope is improving towards the southwest and upcoming drill holes will test this exciting trend.
We are extremely pleased to see extensions to massive sulphide mineralisation between the Mt Chalmers and Woods Shaft deposits,” Managing Director, Andrew Sparke, said.
“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.”
