Mt Chalmers. Source: QMines/LinkedIn
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  • QMines (QML) receives results from a further nine reverse circulation (RC) holes at its flagship Mt Chalmers copper project in Queensland
  • High-grade copper equivalent was intersected in all of the holes with up to 5.1 per cent copper equivalent encountered
  • The aim of this current drilling program is to expand the resource and upgrade it by infilling areas of low confidence
  • Drilling is planned to continue throughout Q2 and into Q3 2022 for a total of 30,000 metres of drilling
  • QMines is up 3.66 per cent with shares trading at 21.3 cents at 1:54 pm AEST

QMines (QML) has received results from a further nine reverse circulation (RC) holes at its flagship Mt Chalmers copper project in Queensland.

High-grade copper equivalent was intersected in all of the holes with up to 5.1 per cent copper equivalent encountered.

Significant results include 69 metres at two per cent copper equivalent from 137 metres including 16 metres at 5.1 per cent copper equivalent from 137 metres, and 40 metres at 1.2 per cent copper equivalent from 76 metres including nine metres at 4.1 per cent copper equivalent from 107 metres.

A further eight RC holes have been drilled with samples sent to ALS laboratories in Brisbane for assay.

The aim of this current drilling program is to expand the resource and upgrade it by infilling areas of low confidence.

Notably, this drilling program has aided in the identification of a second mineralised horizon not previously recognised.

This horizon lies below the current resource and has been identified in multiple holes.

Drilling is planned to continue throughout Q2 and into Q3 2022 for a total of 30,000 metres of drilling.

“The historic Mt Chalmers copper mine continues to deliver shallow, thick and high-grade copper and gold results. Further step-out drilling is continuing where the deposit remains open in a number of directions,” Executive Chairman Andrew Sparke said.

“The RC drill rig and our drilling team are performing exceptionally well with significantly more meters being delivered on a more regular basis. More results are expected shortly with a further eight holes submitted to ALS for assay.”

QMines was up 3.66 per cent with shares trading at 21.3 cents at 1:54 pm AEST.

QML by the numbers
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