en.Wedoany.com Reported - Australian mining company LinQ Minerals (ASX:LNQ) has discovered a "thick" gold-copper mineralization intersection zone in the second phase of drilling at the Dam deposit within the Gilmore Project.
Results from five drill holes include: TDRCD006 intersected 141 meters at 0.88 g/t gold equivalent from 183 meters, extending the high-grade gold-copper core zone down-dip by 100 meters to a depth of approximately 270 meters. TDCR008 intersected 101 meters at 0.68 g/t gold equivalent from 49 meters; TDRCD009 intersected 131 meters at 0.67 g/t gold equivalent from 129 meters. The grades of the intersections from both holes exceed those of the current resource at shallow open-pit mining depths. TDRCD010 intersected 8 meters at 1.56 g/t gold equivalent from 101 meters, representing a gold-rich epithermal zone beyond the current resource extent.
These results build on the first phase of drilling, where TDRCD001 intersected 144 meters at 1.00 g/t gold equivalent from 84 meters, TDRCD002 intersected 142 meters at 1.01 g/t gold equivalent from 121 meters, and TDRCD003 intersected 130 meters at 1.00 g/t gold equivalent from 108 meters.
LinQ Minerals Executive Chairman Clive Donner stated that the latest batch of drilling results "significantly increased the high-grade portion of the resource," an enhancement occurring within the Inferred category of the existing JORC resource estimate. Clive Donner added that the company has also identified a new potential gold zone east of the resource, a new target for near-deposit exploration.
The global mineral resource estimate for the Gilmore Project is 516 million tonnes, containing approximately 3.7 million ounces of gold and 1.2 million tonnes of copper metal, located in the Macquarie Arc geological province in New South Wales.
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