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Alice Queen Ltd.
Summary
| Project: | Ngurupai (Horn Island) | |
|---|---|---|
| Deposit: | Ngurupai (Horn Island) | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-6-2016: Alice Queen Ltd. announces an Exploration/Drilling Update report for its Ngurupai (Horn Island) deposit at the Ngurupai (Horn Island) project. Drilling results incl. 15.4m @ 1.22g/t Au from 183.4m. Alice Queen Limited (ASX:AQX) (“the Company” o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Holliday (Internal) | |
| ABSTRACT: | Alice Queen Limited (ASX:AQX) (“the Company” or “Alice Queen”) is pleased to announce further results as well as a progress update from its maiden drill program at the Ngurupai (Horn Island) Gold Project (“Ngurupai”). This initial drill program was originally planned over 14 holes for 3,000 metres and designed to confirm the presence of extensive gold mineralisation at Horn Island. 13 holes for 3659.8m have been completed. Gold assays have now been received for all holes, and results for holes 16NGD008 to 16NGD013 are reported here. Drill holes to date have shown that gold mineralisation occurs with quartz-sulphide veins within a fault wedge of mainly granite. The mineralised fault wedge is open and deepening to the west. Managing Director Andy Buxton commented “Our maiden drill program at Horn Island has largely achieved what it set out to do; that was to confirm the existence of a large, gold mineralised system underneath, and adjacent to, the old open pit. What is most encouraging is that this maiden program has also thrown up some exciting new geological data that may hold the key to unlocking the real potential of Horn Island. The Company intends to pursue these new ideas with vigour in a phase two program which will be announced to ASX in the coming weeks”. | |
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