• Drilling continues to intersect high-grade gold and silver at the North Knoll deposit
• Significant intercepts include 6m @ 10.47 g/t Au and 39.7 g/t Ag, and 19m @ 1.13 g/t Au, 11.5 g/t Ag, 454ppm Cu
• North Knoll demonstrates multiple stacked high-grade zones and remains wide open along strike and at depth

QMines Limited (ASX:QML) is excited to report further results from its first deep diamond drilling program at the high-grade Mount Mackenzie gold and silver project in Central Queensland. The program was designed to test depth extensions of the high sulphidation epithermal system below the historic shallow drill envelope. The results confirm further high-grade gold and silver, and for the first time, copper mineralisation with a classic enargite-pathfinder signature to the current 300m drill depth. Importantly, the system remains wide open at depth and shows every geological hallmark of a potential lithocap sitting above an untested porphyry feeder. Significant intercepts include 6m @ 10.47 g/t Au and 39.7 g/t Ag, and 19m @ 1.13 g/t Au, 11.5 g/t Ag, 454ppm Cu. The drilling has materially improved confidence in system scale and vertical continuity, with the alteration and sulphide assemblages now confirmed at depth consistent with an interpreted lithocap position in telescoped porphyry epithermal architectures, supporting potential for a higher temperature feeder position at depth beneath the current 300m drill limit. The Company is awaiting further assays and plans to test for a porphyry system at depth with a targeted deep diamond hole.

With twenty holes (3,190m) awaiting assays, two rigs continuing and visible gold intersected in recent drilling, investors can expect strong news flow over the coming weeks.