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Queensland Mining Corp. Ltd.
Summary
| Project: | White Range | |
|---|---|---|
| Deposit: | Young Australian | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt | |
| Date: | 9/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2017: Queensland Mining Corp. Ltd. announces an Exploration/Drilling Update report for its Young Australian deposit at the White Range project. Drilling results incl. 24m @ 1.31% Cu from 34m. Queensland Mining Corporation Limited (ASX: QMN) is please | |
| Resources: | (Resource, I+I): 5.1Mt @ 0.79% Cu at Young Australian | |
| CP/QP: | [Overall Report]: Guojian Xu (Redrock Exploration Services Pty Ltd.) | |
| ABSTRACT: | Queensland Mining Corporation Limited (ASX: QMN) is pleased to announce the initial results received from the recently completed RC drilling program in Young Australian, approximately 70 km south of Cloncurry in northwest Queensland (Figure 1). The program consisted of 37 holes for a total of 2,592m. It was designed mainly to infill and to expand the existing resources estimated for the pit area with five holes to test the separate mineralised zones identified in 2015. Assay results have been received from the first 11 holes in the program. 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 current drilling program is focused on infilling and expanding the existing JORC resources established in the main Young Australian mineralized zone. | |
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