Qmines Reports High-Grade Copper-Gold at Mt Chalmers
Key points
- High-grade copper-gold mineralisation found beneath Mt Chalmers pit
- Drillhole 26MCDD043 intersected 26.2m at 2.0% CuEq
- Geological confidence enhanced with confirmed historic grades
Full summary
Qmines Limited (ASX:QML) has announced further high-grade copper-gold results from its pontoon drilling program beneath the historic Mt Chalmers open pit in central Queensland. Drillhole 26MCDD043 returned 26.2m at 1.3% Cu and 0.7g/t Au (2.0% CuEq), including 2.4m at 5.4% Cu and 3.8g/t Au (9.1% CuEq) in semi-massive sulphide. These results, along with others from nearby holes, demonstrate the presence of high-grade mineralisation beneath the existing pit. The findings are expected to significantly derisk the grade model for the upcoming Mineral Resource update and support ongoing geometallurgical testwork.
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