Several Large Gold Targets Identified at Mount Mackenzie

• Reprocessing of magnetic data delineates 1.5 km-long magnetite-destruction corridor with known gold-silver mineralization
• Five near-surface targets defined within MDL 2008, exhibiting features consistent with mineralized horizons
• Two targets represent core and southern extensions of hydrothermal up-flow zone, offering potential for oxide and transitional gold expansion

QMines Limited (ASX:QML) has announced the identification of several large gold targets at the Mount Mackenzie Gold Project in central Queensland through detailed reprocessing and interpretation of high-resolution magnetic datasets. The work has significantly advanced the understanding of the Mount Mackenzie gold system, with the identification of five near-surface targets within MDL 2008 that exhibit magnetic, structural and alteration features consistent with mineralized horizons. Two of these targets represent the core and southern extensions of the hydrothermal up-flow zone, offering potential for oxide and transitional gold expansion. The reprocessed data also suggests a continuation of the structural corridor at the adjacent Clive Creek Project (EPM 10006), indicating a possible extension of the magmatic-hydrothermal system. The mineralization at Mount Mackenzie is characteristic of high-sulphidation epithermal systems, emplaced during the Late Carboniferous, a period corresponding to the most productive epoch of gold mineralization in northeast Queensland. Upcoming work programs will include continued reverse-circulation drilling, alteration mapping and reconnaissance geological mapping and geochemical sampling across both tenements to further evaluate the newly defined targets.

With multiple rigs active and a coherent geological picture emerging along the broader Connors-Auburn structural corridor, QMines sees strong potential to significantly advance the project's scale and geological understanding through the current and upcoming exploration programs.