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The latest announcement is out from QMines Ltd. ( (AU:QML) ).
QMines Ltd. has reported promising results from its first diamond drilling at the Sulphide City deposit, part of the Develin Creek Copper-Zinc Project. The drilling intersected a broad zone of semi-massive and massive sulphide mineralization, indicating potential for further resource expansion. This development is part of QMines’ strategy to upgrade and expand its resource base, with the aim of building a large-scale copper and gold operation in central Queensland. The presence of visible chalcopyrite and sphalerite boosts confidence in the potential growth of the deposit, and assay results are expected to confirm these initial findings.
More about QMines Ltd.
QMines Ltd. operates in the mining industry, focusing on the exploration and development of copper and zinc resources. The company is actively engaged in the Develin Creek Copper-Zinc Project located in central Queensland, Australia, which includes the Sulphide City deposit.
Average Trading Volume: 1,092,861
Technical Sentiment Signal: Hold
Current Market Cap: A$25.5M
Learn more about QML stock on TipRanks’ Stock Analysis page.