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Queensland Mining Corp. Ltd.
Summary
| Project: | White Range | |
|---|---|---|
| Deposit: | Young Australian | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt | |
| Date: | 10/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2017: Queensland Mining Corp. Ltd. announces an Exploration/Drilling Update report for its Young Australian deposit at the White Range project. Drilling results incl. 66m @ 0.94% Cu, 1.3g/t Ag from 64m. Queensland Mining Corporation Limited (ASX: QMN | |
| 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 report more assay results received from the recently completed RC drilling program in Young Australian, approximately 70 km south of Cloncurry in northwest Queensland (Figure 1). Following the announcement of the drilling results received from the first 11 holes on 26 September 2017, the Company have received assays for the rest holes, particularly those five exploration holes, in the program. Eddy Wu, QMC’s CEO, said “the Company is extremely excited about these very positive drilling results, particularly those exploration holes drilled outside the existing JORC resources. Further drilling along this new mineralised zone will have great chance to remarkably increase the resource base in Young Australian, which will provide strong support to the overall development of our White Range project”. 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. | |
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