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New South Wales explorer Linq Minerals (ASX:LNQ) is expecting a big month, promising plenty of news flow in January after uncovering “very exciting” – and “significant” – gold and copper mineralisation at Gilmore.
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“We anticipate further news flow this month,” chair Clive Donner declared after the company reported high-grade gold and copper intersections from its ongoing Dam deposit drilling at the New South Wales dig site.
“We’re very excited with the significant mineralisation… only 600 metres west of our brownfield’s gold open pit at Gidginbung,” he continued.
All holes intersected visible porphyry gold and copper mineralisation, with further assays from the same area still pending. These intersections were crowned by returns from TDRCD0001, which hit 144 metres at 1g/t AuEq.
That standout hole was drilled as a step-out 100 metres south of the previous, DD93GB45, which had intersected 167 metres at 1.87 grams per tonne gold equivalent. The results confirm continuous high-grade mineralisation of over 100 grams per metre of gold equivalent across a longer 300-metre strike.
“Overall, the southern zone of the Gilmore Project is delivering fantastic high-grade results with good drill widths,” Mr Donner declared in Thursday’s release.
Some of the promised news flow – led by today’s update – will come from broader Southern Zone drilling across Gilmore, at both Gidginbung and Dam. All four Dam holes also intersected quartz-sulphide stockwork veining, ending at the Dam Footwall Fault; that will be a key focus for Linq next up.
Drilling, which The Market Link understands will resume across both deposits “shortly,” will also form a cornerstone of the impending January flow. Follow-up drilling is already scheduled for February, too.
Heading into Thursday’s trade, LNQ has been 21cps.
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