Linq Minerals (ASX:LNQ) has today revealed the latest find from its geotech team: A 220-metre wide drill hit from 99 metres depth, grading at 0.80% copper-gold (CuEq), and similar in stature to recent drill hits from the Dam and Gidginbung targets, some 15 kilometres along strike southward.
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Plucked from the ‘Central Zone’ at LinQ’s Mandamah target, part of the larger Gilmore Project in NSW, today’s results from downhole MDACD001 ultimately “[confirm] continuity of shallow higher grade copper-gold” on-site.
According to the company, the geology the project straddles isn’t unlike that at Evolution Mining’s (ASX:EVN) Northparkes copper gold complex.
At the time of writing, three drill rigs are mobilising to the Gilmore Project for further aggressive exploration, with around $20 million in the bank to fund those.
As for what LinQ investors should be looking out for, the company’s exec chair Clive Donner pointed to a year ahead of frequent updates as the results of their labours begin to precipitate through the veil.
“We anticipate frequent news flow to continue throughout 2026… the Company holds a highly strategic and prospective tenement package which hosts the longest strike ~40km of known porphyry Cu and epithermal Au occurrences in the Macquarie Arc,” Donner told LinQ shareholders today.
“The Mandamah system remains open along strike and down plunge, and we plan to follow up with additional drilling in the Central Zone this month.”
The Australian market seems to have liked the news on Tuesday; as at 10.30am AEDT per CBOE live pricing, the stock had jumped nearly +4% higher, to 54cps, bringing 1Y returns to around +170%.
LNQ last traded at 54cps.
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