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Queensland Mining Corp. Ltd.
Summary
| Project: | White Range | |
|---|---|---|
| Deposit: | Young Australian | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt | |
| Date: | 12/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-12-2017: Queensland Mining Corp. Ltd. announces an Exploration/Drilling Update report for its Young Australian deposit at the White Range project. Drilling results incl. 19m @ 1.32% Cu from 120m. Queensland Mining Corporation Limited (ASX: QMN) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Guojian Xu (Redrock Exploration Services Pty Ltd.) | |
| ABSTRACT: | Queensland Mining Corporation Limited (ASX: QMN) is pleased to announce the results received from the second phase of RC drilling program completed recently in the Young Australian project, approximately 70 km south of Cloncurry in northwest Queensland (Figure 1). The program consists of 5 holes for a total of 762m. The purpose of the drilling was to test the strike and down dip extension of the mineralisation intersected in the previous drilling and the continuity of the interpreted mineralised zone in Tank Hill. The drilling has encountered copper mineralisation across all the five holes and the highlights from the assays include The Young Australian project consists of four mining leases (ML7511, ML7512, ML90084 and ML90099; 100% QMC interest) and surrounding six sub-blocks within EPM 18912, which is held by Chinova Resources and from which QMC has the exclusive rights to explore for mineralization over a period of eight years until June 2020. In addition, QMC has an option to require Chinova Resources to apply for a mining lease over all or any part of these six sub-blocks for QMC within the timeframe of the agreement. The deposit also forms part of the Company’s flagship White Range project. The current drilling program was to follow-up Phase 1 RC drilling completed in October 2017 (a total of 37 holes for 2,592m), particularly the 4 exploration holes drilled into the newly discovered Tank Hill zone about 350m east of the existing JORC resources. | |
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