- The latest assays from QX Resources’ (QXR) drill programme identify shallow gold extensions north of the Lucky Break prospect in Queensland
- A 22-hole reverse circulation drill effort was undertaken by the explorer to determine the extent of mineralisation and strike within the Clermont Gold Project
- QX says the results demonstrate strong mineralisation along strike 70 metres northeast of the existing pit and shallow mineralisation to the south
- Planning is underway for a follow-up drill programme to thoroughly assess mineralisation
- QX Resources shares are down 6.67 per cent and trading at 1.4 cents
The latest assays from QX Resources’ (QXR) drill programme have identified shallow gold extensions north of the Lucky Break prospect in Queensland.
The explorer undertook a 22-hole reverse circulation drill effort in a bid to test the extensions of strike and mineralisation at the prospect, which sits within its Clermont Gold Project.
QX said stage one drilling has demonstrated strong mineralisation extending along strike 70 metres northeast of the existing pit crest and shallow mineralisation to the south of the existing pit.
Notable results include two metres at 8.98 grams of gold per tonne, nine metres at 1.45 g/t gold and five metres at 1.13 g/t gold.
QX has flagged follow-up drilling based on the results, which are hoped to more thoroughly assess extensions to the mineralisation. The company said it plans to secure a rig shortly while it determines finer details for the next phase of drilling.
QX Resources Non-Executive Director Roger Jackson said he was delighted with the results.
“What is most encouraging is that we have encountered robust grades, shallow mineralisation some 70 metres to the North of the pit,” he said.
“Clearly, we are very keen to follow up with the next stage of drilling once we confirm a rig and determine the extent of the program.”
QX Resources shares are down 6.67 per cent and trading at 1.4 cents at 2:19 pm AEST.