Linq Minerals Extends High-Grade Gold-Copper Mineralisation at Gilmore’s Dam Prospect

Linq Minerals Limited ( (AU:LNQ) ) just unveiled an update.

Linq Minerals has reported a substantial intercept of 144 metres at 1.0 grams per tonne gold equivalent from its first drill hole at the Dam prospect, located 600 metres west of the Gidginbung open pit within the Gilmore Project’s Southern Zone. The step-out hole TDRCD001 extends the thickness of shallow porphyry gold and copper mineralisation and confirms continuous high-grade mineralisation over a 300-metre strike, reinforcing the potential scale of the Dam and Gidginbung systems. All four holes drilled at the Dam intersected porphyry-related quartz-sulphide veining before hitting the footwall fault, with assays from the remaining three holes due in the coming weeks and drilling scheduled to resume shortly. Combined with recent high-grade results from the Southern Zone beneath and south of the Gidginbung pit, the latest data strengthens Linq’s view that the Southern Zone represents a significant mineralised district, potentially enhancing the company’s growth prospects and leverage to gold and copper markets.

The most recent analyst rating on (AU:LNQ) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Linq Minerals Limited stock, see the AU:LNQ Stock Forecast page.

More about Linq Minerals Limited

Linq Minerals Limited is an Australian exploration company focused on gold and copper, with a highly strategic tenement package in the Macquarie Arc of New South Wales. Its Gilmore Project hosts both porphyry copper and epithermal gold systems over roughly 40km of continuous strike, underpinning a global JORC mineral resource estimate of 516 million tonnes containing about 3.7 million ounces of gold and 1.2 million tonnes of copper.

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Technical Sentiment Signal: Strong Sell

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