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The latest announcement is out from QMines Ltd. ( (AU:QML) ).
QMines has reported further high-grade gold and silver intercepts from its maiden reverse circulation drilling campaign at the Mount Mackenzie project, with 22 of 36 planned holes completed for 3,240 metres of a 5,000-metre program. The latest assays from 12 holes at the North Knoll deposit show multiple shallow, broad zones of mineralisation with stacked, high-grade shoots, and confirm the presence of a deeper continuous gold-silver zone that extends below previously known mineralisation and remains open along strike and at depth. These results support the interpretation of a robust high-sulphidation epithermal system considered amenable to open-pit mining, reinforcing the continuity and growth potential of the resource and bolstering geological confidence for future mine design and optimisation studies as drilling continues with multiple rigs on site and further assays pending.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.
More about QMines Ltd.
QMines Limited (ASX:QML) is an Australian exploration and development company focused on gold and silver, currently advancing the Mount Mackenzie gold-silver project in Central Queensland. The company is using a maiden reverse circulation drilling program to confirm historical mineralisation, refine its geological model and support future mine design and optimisation work at the project’s North Knoll deposit.
YTD Price Performance: 20.83%
Average Trading Volume: 1,727,530
Technical Sentiment Signal: Hold
Current Market Cap: A$37.03M
For an in-depth examination of QML stock, go to TipRanks’ Overview page.