LinQ Minerals Retracts Visual Mineralisation Claim, Reports Strong Dam Drill Results

The latest update is out from Linq Minerals Limited ( (AU:LNQ) ).

LinQ Minerals has retracted a previous claim that all drill holes at its Dam prospect contained visible porphyry gold and copper mineralisation, clarifying that the statement relied on visual estimates from three holes that were not reported in accordance with the JORC Code and should not be relied upon until pending assays are released. In an updated announcement, the company reported a significant intercept of 144 metres at 1.00 grams per tonne gold equivalent from 84 metres in step-out hole TDRCD001, 600 metres west of the Gidginbung open pit, which extends shallow gold and copper mineralisation, confirms more than 300 metres of strike above 100 gram-metres gold equivalent, and supports plans to resume drilling at Gidginbung and the Dam in the near term, signalling ongoing momentum in advancing the Gilmore Project’s southern zone.

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 strategic tenement package in the Macquarie Arc that hosts approximately 40km of continuous porphyry copper and epithermal gold occurrences. The company reports 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, underpinning its leverage to both metals and its development focus at the Gilmore Project’s southern zone, including the Gidginbung open pit and nearby Dam prospect.

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Technical Sentiment Signal: Strong Sell

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