Drilling Extends High-Grade Gold Corridor at Mount Mackenzie

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Stock Qmines Ltd (QML.ASX)
Release Time 28 Apr 2026, 8:22 a.m.
Price Sensitive Yes
 Drilling Extends High-Grade Gold Corridor at Mount Mackenzie
Key Points
  • Broad and shallow zones of high-grade gold and silver mineralisation returned in latest drill results
  • Significant intercepts include 14m @ 3.04g/t Au and 7.2g/t Ag from 21m, and 6m @ 3.85g/t Au and 5.7g/t Ag from 24m
  • Results support a broader structurally controlled epithermal system with North Knoll and Vein 355 deposits remaining open along strike and at depth
Full Summary

QMines Limited has reported the latest assay results from drilling completed at the Mount Mackenzie gold and silver project located near Rockhampton in Central Queensland. The results include diamond drill hole MMDD011 at the North Knoll corridor, additional Reverse Circulation (RC) step out holes MMRC047 and MMRC048 at Vein 355, together with previously pending RC and diamond tail results from other holes. The current drill program is confirming the Company's belief that the Mount Mackenzie system is a broader mineralised epithermal field rather than a single zone target. At North Knoll, MMDD011 has confirmed a coherent high-grade gold position within the broader mineralised corridor. At Vein 355, drilling continues to confirm shallow high-grade gold mineralisation near the recently reported MMDD010 intercept, while step out results indicate the mineralised corridor is persistent and continuous and hosts higher-grade zones. The results continue to refine Mount Mackenzie as a high sulphidation epithermal gold and silver system developed within an advanced argillic lithocap, with the current drilling having largely tested the upper gold rich part of the lithocap. A deeper diamond hole targeting the transition into the underlying alteration root zone remains an important next step in assessing the vertical extent, fertility and potential porphyry connection of the Mount Mackenzie system.