Gilmore Copper-Gold Project in Australia Intersects 429-Meter Mineralized Interval

en.Wedoany.com Reported - On October 20, Australian mining company LinQ Minerals announced the latest drilling results from its Gilmore copper-gold project in New South Wales. Drill hole GBRCD021, located in the Gidginbung South target area, reached a final depth of 750.3 meters, with core logging identifying a cumulative 429.3 meters of rock intervals exhibiting hydrothermal and porphyry-style mineralization characteristics. The hole is situated approximately 1 kilometer south of the historical Gidginbung open pit, and the drilling results will be used to assess the southern and depth extensions of the mineralized system.

Drill hole GBRCD021 identified high-sulfidation epithermal mineralization characteristics at depths of 321–570 meters, corresponding to approximately 800 meters south of the previously known southern boundary of mineralization. From 570 meters to the end of hole at 750.3 meters, core logging recorded porphyry-style mineralization, quartz veins, and hydrothermal alteration, including potassic alteration and localized chalcopyrite mineralization. This location is approximately 1.6 kilometers southwest of the Dam copper-gold deposit.

Visual core logging indicates that the sulfide content in the relevant mineralized intervals is approximately 5%–15%, predominantly pyrite, with localized occurrences of chalcopyrite. The company is conducting core sampling and laboratory analysis, with assay results expected within six to eight weeks.

The current Gidginbung South drilling program comprises 4 planned holes spaced approximately 200–300 meters apart, with a maximum designed depth of 1,000 meters. GBRCD021 is the first hole, and the next hole will test the center of an induced polarization anomaly approximately 200 meters to its east. The work is part of LinQ Minerals' 30,000-meter drilling program at the Gilmore project, which commenced in September.