QMines consolidates district scale copper-gold play with more ground at Mt Chalmers

QML secures new strategic tenement at Mt Chalmers
Striker prospect hosts copper-lead-zinc anomaly
Company is planning a first pass drilling program

Special Report: QMines has picked up a new strategic tenement over the highly sought after Striker prospect at its flagship Mt Chalmers copper and gold project in Queensland.

Previously unavailable, the new strategic tenement, EPM 29043, hosts robust multi-element soil geochemical anomalies detected during a regional survey conducted by Geopeko in the 1970s.

To test these anomalies, Geopeko drilled four holes, two ending in mineralisation and two ending above the mineralised horizon, including:

18m at 0.88% zinc including 6m at 1.63% zinc, 0.56% lead and 11 g/t silver
45m at 0.48% zinc; and
45m at 0.43% zinc.

Then in 2023, a QMines (ASX:QML) VTEM geophysical survey identified an excellent copper-lead-zinc chargeability anomaly coincident with this target – leading the company to believe Striker contains all of the inputs required for a Mt Chalmers style deposit.

Adds exciting new drill targets

The Striker target acquisition now consolidates a district scale package, the company says.

“We have been waiting for this strategic tenement to become available for some time as it hosts intense sulphide mineralisation, with favourable geology and strong geochemical and geophysical support,” QML executive chairman Andrew Sparke said.

“There is a clear case for drilling this target now that the tenement has been granted.”

The plan now is to complete reconnaissance work with a first pass drilling program to follow.

Deeper and additional drilling is required to properly test the robust northwest-trending alteration and mineralisation zones in the search for Mt Chalmers VHMS-style deposits there, QML says.

This article was developed in collaboration with QMines, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.