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- Alice Queen (AQX) commences a second dipole-dipole induced polarisation survey at its Horn Island Project, located in the Torres Strait in Northern Queensland
- The survey covers an area of 11 square kilometres and is helping identify priority targets for the upcoming drilling program in 2022
- Alice Queens’s Managing Director, Andrew Buxton, says the commencement of the survey is a key step forward in the company’s strategy to find more gold at Horn Island
- Once the survey is completed, the company is planning to commence drilling immediately, with the diamond core drill rig remaining on site
- On the market, Alice Queen is in the grey and trading at one cent per share
Alice Queen (AQX) has commenced a second dipole-dipole induced polarisation (DDIP) survey at its Horn Island Project, located in the Torres Strait in Northern Queensland.
The survey will cover an area of 11 square kilometres and is designed to identify chargeability anomalies that may be caused by sulphide minerals that are often associated with gold mineralisation.
This second survey is based on the previously completed historic ground array induced polarisation surveys and the recently completed DDIP survey, which encountered a new gold zone across the Tatooine target area.
Additionally, the survey will cover areas of interpretive structurally complex zones and mapped surface veining.
Alice Queens’s Managing Director, Andrew Buxton, said the commencement of the survey is a key step forward in the company’s strategy to find more gold at Horn Island.
“Induced polarisation has proven itself as the key geophysical method by which to locate buried sulphide mineralisation, and it is within the sulphides that all of the gold at Horn Island is hosted,” Mr Buxton said.
“Importantly, this survey will also expand upon significant areas of known gold mineralisation at the Southern Silicified Ridge (SSR) just two kilometres south of the company’s historic open pit resource.”
Once the survey is completed and the results are analysed, Alice Queen intends to drill test the highest priority targets immediately.
Drilling is expected to commence in the first quarter of 2022.
On the market, Alice Queen was in the grey and trading at one cent per share at 11:39 am AEDT.
