QMines extends high-grade Mount Mackenzie hits and flags porphyry potential

The latest announcement is out from QMines Ltd. ( (AU:QML) ).

QMines has reported further strong drill results from its first deep diamond program at the Mount Mackenzie project, intersecting multiple high-grade gold and silver zones that remain open along strike and at depth. The latest holes also delivered the strongest copper intercept to date, confirming high-grade mineralisation persists to around 300 metres and highlighting a vertically extensive system.

Geological indicators, including an enargite-bearing assemblage and pathfinder geochemistry, suggest a well-developed lithocap with growing evidence for an untested copper-gold porphyry feeder at depth. With 20 additional holes awaiting assays and two rigs continuing to drill, the campaign is expanding the scale of North Knoll and could materially influence QMines’ growth prospects and attractiveness to investors seeking exposure to large porphyry-style discoveries.

The most recent analyst rating on (AU:QML) stock is a Sell 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 Ltd. is an Australian exploration company focused on gold, silver and copper projects in Central Queensland, including the high-grade Mount Mackenzie deposit. The company targets high-sulphidation epithermal and potential porphyry-style mineral systems, aiming to expand resources at depth and along strike to enhance its position in the regional precious and base metals sector.

YTD Price Performance: 10.42%

Average Trading Volume: 2,532,810

Technical Sentiment Signal: Sell

Current Market Cap: A$34.32M

For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.