First drilling at Gidginbung deposit since 2001 targets high-grade extensions and copper-gold system scale-up
LinQ Minerals Limited (ASX: LNQ) has launched a major Phase 1 drilling program at the Gidginbung gold deposit, located within the Southern Zone of its flagship Gilmore Gold-Copper Project in New South Wales’ highly endowed Lachlan Fold Belt.
This marks the first drilling at Gidginbung in over two decades and aims to assess untested extensions of known gold and copper mineralisation. The program, comprising more than 16,000 metres of combined reverse circulation (RC) and diamond drilling, will initially focus on the Gidginbung and Dam deposits, which together host a combined Mineral Resource Estimate (MRE) of 55Mt for 1.2Moz of gold and 120Kt of copper.
Drilling at Gidginbung will seek to confirm continuity of high-grade zones, test deeper extensions, and obtain material for metallurgical test work. The deposit is a high-sulphidation epithermal gold system with a historical production of approximately 540,000oz of gold mined via open pits between 1987 and 1996. Its current MRE stands at 21Mt @ 1.00g/t Au and 0.07% Cu.
Drilling will subsequently move to the Dam deposit, targeting the core of a porphyry-style gold-copper system, with approximately 2,100m of drilling planned to follow up on previous high-grade intercepts.
Commenting on the commencement of drilling, LinQ Minerals Executive Chair Clive Donner said:
“We are excited to begin drilling at Gidginbung, one of the key gold deposits in our highly prospective Gilmore Project.
The commencement of drilling is an important step in unlocking the broader scale of this system, particularly at depth and along strike.”
The broader Gilmore Project comprises a 60km-long mineralised belt across 597km² of tenure and hosts a Global Mineral Resource Estimate of 516Mt containing approximately 3.7Moz gold and 1.2Mt copper. The project lies within the Macquarie Arc, home to several major copper-gold deposits including Cadia, Cowal, and Northparkes.
This latest campaign reflects LinQ’s strategy to build a pipeline of advanced copper-gold assets within one of Australia’s premier porphyry provinces.
About us:
LinQ Minerals Limited (ASX:LNQ) is a mineral exploration company focused on the discovery and delineation of copper and gold deposits within the Macquarie Arc in New South Wales. LinQ is advancing its flagship Gilmore Project, which contains a Global Mineral Resource Estimate of 516Mt for ~3.7Moz of gold and ~1.2Mt of copper. The Gilmore Project includes over 20 known mineralised prospects along a 60km strike length, with significant potential for both epithermal gold and large-scale porphyry copper-gold systems.
Contact details:
Clive Donner
Executive Chair
[email protected]
Jane Morgan
Investor & Media Relations
[email protected]
+61 405 555 618