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QMines extends Mt Chalmers deposit following latest campaign targeting copper and other sulphides

Published 22/06/2023, 10:44 am
© Reuters.  QMines extends Mt Chalmers deposit following latest campaign targeting copper and other sulphides
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QMines Ltd (ASX:QML) has scored more strong drilling results at its Mt Chalmers Project in central Queensland, extending the deposit to the southwest.

The ongoing drilling campaign has focused on the prospective sulphide corridor between the Mt Chalmers West Lode and the Woods Shaft deposits, some 17 kilometres northeast of Rockhampton.

Improving trend

During May and June, a total of eight drill holes covering 1,096 metres were drilled, six of which targeted the lightly drilled southwest side of the West Pit, while two additional holes focused on the eastern extension of the resource.

This recent drilling has intersected semi-massive sulphide mineralisation between Mt Chalmers and the Woods Shaft deposits.

The company has systematically progressed from the West Lode towards the southwest, consistently encountering semi-massive sulphides and associated base metal exhalites along with the underlying copper sulphide stringer zone.

The presence of sphalerite and galena mineralisation in each drill hole indicates an improving trend towards the southwest, which will be further investigated in upcoming drill holes.

Last year, QMines was unable to complete the West Pit extensional drilling due to the onset of the wet season. Previous shallow drilling by Geopeko in the 1980s did not fully explore the interpreted extensions to mineralisation on the southwest side of the West Pit.

QMines' recent drilling efforts, reaching depths of up to 170 metres, have intersected mineralisation beyond the current wireframes.

Concentrating grade

“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.”

Samples collected from all drill holes have been sent to the ALS laboratory in Brisbane for analysis.

Ongoing drilling activities are aimed at further exploring potential extensions of mineralisation in the area.

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