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- Significant gold and copper results in multiple holes
- Results build upon further step out drilling of higher-grade gold and copper
- High-grade gold and copper core extended downdip
- Intersections exceed current resource grade at shallow open pit depths
LinQ Minerals (ASX:LNQ) has extended the Dam deposit within the southern zone of the Gilmore project in NSW with gold and copper hits in multiple new drill holes.
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Significant gold and copper results have been received for a further five holes completed as part of a phase two program.
Phase two is designed to expand the higher-grade gold and copper core within the resource and additionally test for resource extensions along strike and down dip.
“This latest batch of drill results from the Dam deposit has substantially increased the higher-grade portion of the resource, in particular in the inferred category portion of the present JORC resource,” executive chair, Clive Donner, said.
“We have also discovered a new potential gold zone to the east of the resource which is a new target for near deposit exploration.
“There are currently six holes from the Dam and seven holes from Monza with pending assays and anticipate further news flow from our recent drilling later this month and into July,” he said.
Highlight hole TDRCD010 has intersected a gold rich epithermal related zone outside of the current resource which remains open in multiple directions.
Assays from that hole recorded 8.0m at 1.56 grams per tonne (g/t) gold equivalent (Au Eq) from 101m.
Another significant hit came in hole TDRCD006 which intersected 141m at 0.88 g/t Au Eq from 183m to the footwall fault. TDRCD006 has extended the downdip continuity of a shallow, high-grade gold and copper core by a further 100m to approximately 270m depth within the deposit.
Since the resumption of drilling in February an additional 12 holes have been completed at Dam, principally targeting extensions to the higher-grade core and additional high-grade cores within wide spaced drilling across the northern strike extent of the deposit. Results for the remaining holes are pending.
LinQ’s 100% owned flagship Gilmore project is located within the Macquarie Arc province in the Lachlan Fold Belt.
LNQ is steady at 29.5¢. Mkt cap $60.49M.
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