QMines Ltd (ASX:QML) is about to begin drilling at its highest-ranked electromagnetic target, VT04, within the Mt Chalmers Copper-Gold Project in central Queensland.
VT04, the strongest electromagnetic (EM) target at the project, can now be drill-tested following the success of the EM modelling at Artillery Road prospect.
At Artillery Road, QMines is finalising the first stage of its drilling operations, which is expected to be completed shortly.
Moving forward, with access agreements now in place for the VT04 prospect, drilling operations are expected to kick off once rig access tracks and drill site pads have been prepared.
Highest-priority EM target
QMines managing director Andrew Sparke said: "The company is pleased to have secured access to commence drilling at our highest-priority electromagnetic target, VT04.
“Drilling the first electromagnetic targets at the Artillery Road prospect has proven successful.
“The VT04 electromagnetic anomalies have a significantly stronger electromagnetic response, so we are excited to get drilling underway."
Multiple electromagnetic plate anomalies
Following the identification and ranking of electromagnetic (EM) anomalies by QMines consultants Mitre Geophysics, ground investigations covering multiple new EM targets have been undertaken.
Subsequently, multiple electromagnetic plate anomalies with dimensions of over 600 metres by 250 metres have been modelled.
Recent field reconnaissance of the highest-priority VT04 EM target has shown the modelled EM plate anomalies are covered by colluvium, preventing on-ground geological interpretation and a geochemical response.
About Mt Chalmers
Mt Chalmers is a high-grade historic mine that produced 1.2 million tonnes of 2.0% copper, 3.6 g/t gold and 19 g/t silver between 1898 and 1982.
The project now has a measured, indicated and inferred resource of 11.86 million tonnes at 1.22% copper equivalent for 144,700 tonnes of copper equivalent.
QMines' objective is to commercialise existing deposits, make new discoveries and transition the company towards sustainable copper production.