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Alice Queen Ltd.
Summary
| Project: | Yarindury | |
|---|---|---|
| Deposit: | Yarindury | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2019: Alice Queen Ltd. announces an Exploration/Drilling Update report for its Yarindury deposit at the Yarindury project. Drilling results from three holes at project. Advanced gold and copper explorer, Alice Queen Limited (ASX:AQX) (Alice Queen or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Holliday (Not stated) | |
| ABSTRACT: | Advanced gold and copper explorer, Alice Queen Limited (ASX:AQX) (Alice Queen or the Company), is pleased to advise that drilling has recommenced at its Yarindury Project (EL8646) in New South Wales. The current program has been increased from three holes to at least eight holes (see Figure 1) with eleven targets in total, to test a wide range of basement magnetic features under younger cover in EL8646 (Yarindury). These magnetic features are variously comparable to the magnetic signatures of major porphyry mineralisation at Cadia and North Parkes and to the magnetic character of Alkane's Boda discovery in the adjacent exploration licence to the south. Alice Queen previously drilled three holes in Yarindury in October this year and is encouraged by the results, which have shown that the cover thickness of around 60m in the area drilled was substantially thinner than anticipated. Whilst no significant mineralisation or porphyry-indicative alteration was intersected in the three holes, it is significant that petrological and litho-geochemical work indicates that the Molong Belt basement rocks intersected are most probably Late Ordovician in age, which is the specific age of the major porphyry deposits in NSW. The rocks are also of shoshonitic affinity, which is another favourable indicator. | |
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