QX Resources Ltd (AU:QXR) has released an update.
QX Resources Ltd is set to commence a follow-up trenching program at their Big Red Gold Project in Queensland, aiming to extend the known high-grade gold mineralization following promising initial results. The company is also reassessing two previously closed gold mines, Belyando and Lucky Break, which may harbor extensions of gold mineralized zones, given that they were last operational when gold prices were significantly lower. These efforts, coupled with the potential comparison to nearby lucrative deposits, indicate a strategic move by QX Resources to possibly revive and expand gold production in the Drummond Basin region.
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