QMines has reported bonanza gold and silver results from assays from the Vein 355 prospect at the Mount Mackenzie project in Central Queensland.
Results from diamond hole MMDD010 include 1m at 108.0g/t gold and 61.9g/t silver from 11m downhole and 1m at 94.30g/t gold and 77.9g/t silver from 20m.
The company said also that reprocessing and 3D inversion of the historical Induced Polarisation (IP) dataset had identified five large and undrilled near-surface targets across a 1.2km x 750m footprint.
“MMDD010 has confirmed that Vein 355 hosts a genuine high-grade gold and silver-bearing breccia interval, not just a narrow visible gold occurrence,” QMines (ASX:QML) exploration manager Tom Bartschi said.
“The result shows two bonanza grade positions within a continuous 16m mineralised envelope, including a second very high-grade interval from rubbly breccia where no visible gold was confidently logged.
“That materially improves our understanding of the scale and continuity of the mineralised zone. Just as importantly, the reprocessed IP data shows that Vein 355 sits within a much broader and more coherent hydrothermal system than previously recognised.
“The identification of two lithocap style centres and three adjacent structural conduit targets across a larger 1.2km by 750m footprint provides the company with a stronger architectural framework for the Mount Mackenzie system as a whole.
“Taken together, these results support continued evaluation of both Vein 355 and the broader Mount Mackenzie project and strengthen the geological case for a large and organised hydrothermal system at the project.”
QMines acquired the Mount Mackenzie gold and silver project, about 140km north-west of Rockhampton in July last year.
It plans to develop a centralised processing hub at Mount Chalmers, 17km north-east of Rockhampton, supported by resources from its Mount Mackenzie, Mount Chalmers and Develin Creek projects.
This article first appeared in Industry Queensland.
