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Alice Queen (ASX:AQX) - Managing Director, Andrew Buxton
Managing Director, Andrew Buxton
Source: The Market Herald
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  • Drilling at Alice Queen’s (AQX) Horn Island Project in Queensland gives way to a new gold zone and ignites plans for further exploration
  • The explorer has intercepted notable gold grades of one metre at 12.4 grams of gold per tonne, one metre at 10.3 g/t gold and one metre at 11.3 g/t gold
  • Alice Queen says the discovery warrants follow up drilling and plans to undertake further exploration across a broader area of the Horn Island Project
  • Alice Queens shares are up 8.33 per cent and trading at 1.3 cents at 12:23 pm AEST

Drilling at Alice Queen’s (AQX) Horn Island Horn Island Project in Queensland has given way to a new gold zone and ignited plans for further exploration.

The explorer executed 13 diamond-core drill holes at the Tatooine anomaly across a new priority target area spanning 800 metres by 600 metres.

Best gold intercepts include one metre at 12.4 grams of gold per tonne, one metre at 10.3 g/t gold and one metre at 11.3 g/t gold.

Alice Queen Managing Director Andrew Buxton said it was encouraging to see double digit gold grades.

“We are extremely keen to expand the roll-out of more induced polarisation…and once these targets are generated, more diamond core drilling to unlock what we see as further significant exploration upside,” he said.

According to AQX, the gold intersected at depth remains open with an apparent
near-surface projection, with extensive sulphide vein structures observed across multiple holes.

Alice Queen said the discovery warrants follow up drilling and now plans to undertake further exploration across a broader area of the Horn Island Project

The drilling was partially funded by AQX’s joint venture with St Barbara, which have since withdrawn from the joint venture according to AQX.

Alice Queen said it sees this as a positive move referencing a potential upcoming mining operation planned for Horn Island.

Alice Queens shares were up 8.33 per cent and trading at 1.3 cents at 12:23 pm AEST.

AQX by the numbers
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