LinQ Minerals (ASX:LNQ) has high hopes that the southern zone at Gilmore will eventually end up being a “significant mineralised district,” especially after today confirming the continuity of a shallow, high-grade core there.
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“We’re highly encouraged by our maiden drilling campaign at the Dam deposit, and the latest hole, TDRCD003, has again confirmed and extended the strike of the higher-grade thick intersections of shallow gold and copper mineralisation,” LinQ chairman Clive Donner said on works in the Macquarie Arc.
These latest results for LinQ included 67 metres at 1.4 grams per tonne gold equivalent from 171 metres, as well as 96 metres at 0.52g/t AuEq from 45m; that latter hit was completed to test up-dip from historical drillings.
These findings, together with the explorer’s first-phase CY25 program − which came up with results like 144 metres at 1g/t AuEq and 142 metres at 1.01g/t − establish a remarkably consistent high-grade core over 300m strike.
“The Southern Zone’s shaping up to be a significant mineralised district,” he said, adding more news is coming soon. “There are [more] assays pending.”
Those assays, The Market Link understands, will be coming from Gidginbung and Mandamah sometime this month. Both Gidginbung and Dam will also be returned to active drilling before the month closes out.
LNQ shares have been up some +257% already YTD.
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