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QMines Ltd. ( (AU:QML) ) has shared an announcement.
QMines Ltd. has commenced a high-grade gold and silver drilling program at its Mount Mackenzie project, aiming to enhance resource growth and discovery potential. The project, located near Rockhampton, is expected to extend the life of the Mount Chalmers copper and gold project by adding significant gold and silver resources. The company has already reported promising historical drilling results and plans to mobilize two rigs for an initial 5,000-meter drilling program. This initiative is designed to test multiple extensions of high-grade mineralization, potentially increasing the project’s mineral resource estimate and capturing market interest.
More about QMines Ltd.
QMines Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with gold, silver, and copper projects, with a significant emphasis on expanding its resource base and optimizing mining operations.
Average Trading Volume: 1,151,336
Technical Sentiment Signal: Buy
Current Market Cap: A$28.33M
Learn more about QML stock on TipRanks’ Stock Analysis page.