LinQ Minerals Limited (ASX: LNQ) (“LinQ” or the “Company”) is pleased to advise final preparations are underway to commence drilling activity in July at Gidginbung within the Southern Zone of the Gilmore Gold-Copper Project.
LinQ Minerals Executive Chair, Clive Donner commented:
“Appointing Drillit to execute the phase 1 program is a strong step forward in our plan to unlock the potential at the Gilmore Project. Gidginbung already hosts a substantial Mineral Resource, however has never been systematically drilled at depth or along its broader strike extent. We believe this presents a major opportunity for value uplift. The upcoming program will provide the first drilling results from Gidginbung in more than two decades, marking a significant and exciting milestone for both LinQ and our shareholders.”
Highlights
- Experienced drill contractor Drillit appointed to undertake Phase 1 drilling at the Gilmore Gold Copper Project, NSW Australia.
- Drill rig mobilisation scheduled for late July, with drilling to commence at the Gidginbung deposit within the Southern Zone.
- Initial drill program will focus on testing extensions of known mineralisation and untested depth potential.
- Program aims to upgrade existing Mineral Resource Estimate (MRE) and define higher-grade zones across the broader 6km mineralised corridor.
- Gidginbung and Dam Mineral Resource Estimate: 55Mt containing ~1.2Moz Au & 120Kt Cu. 1
- Gidginbung is a brownfields gold deposit last in production in 1996 when gold was ~A$460/oz.
Gilmore Gold-Copper Project
LinQ’s 100% owned flagship Gilmore Project is located between West Wyalong and Temora in New South Wales and is situated within the Macquarie Arc province in the Lachlan Fold Belt. This region is recognised as Australia’s premier porphyry gold-copper province home to multiple large-scale operating mines. The Gilmore Project hosts the full suite of the Macquarie Arc intrusive gold-copper systems, analogues to the nearby Cadia, Cowal and Northparkes Systems.
The Company holds ~597km2 of tenements with a 60km belt of +20 known prospects and 6 mineral resource deposits. The extensive tenement package positions the Company as a major player in the region offering advanced brownfield and greenfield opportunities for copper-gold porphyry and epithermal gold deposits. Gilmore hosts a Global Mineral Resource Estimate of 516Mt containing ~3.7Moz Au & ~1.2Mt Cu metal1.
Contact details:
Jane Morgan
[email protected]