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QMines Ltd. ( (AU:QML) ) has provided an update.
QMines Ltd. has announced promising results from its maiden 8,000-meter Reverse Circulation drilling program at the Sulphide City deposit, part of the Develin Creek project in Queensland. The drilling has confirmed high-grade copper-zinc mineralization with significant intersections, supporting the potential for a larger VMS system. The company plans to continue drilling and incorporate diamond tails to further understand the mineralized zones, with the aim of upgrading the resource and informing future mine planning.
More about QMines Ltd.
QMines Limited is a company operating in the mining industry, focusing on the exploration and development of copper-zinc deposits. The company is involved in projects like the Develin Creek project in Queensland, which comprises several Volcanic Associated Massive Sulphide (VMS) copper-zinc deposits.
YTD Price Performance: 7.41%
Average Trading Volume: 946,371
Technical Sentiment Signal: Buy
Current Market Cap: A$27.23M
For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.