Alice Queen (ASX:AQX) reports it has begun drilling for a copper-gold porphyry at the Boda East Prospect, located in the Yarindury Project in New South Wales.
Drilling of 22BEDH011 is underway, following up previous drilling which intersected ‘significant’ zones of anomalous to ore-grade copper-gold (20BEDH001).
This first hole is targeting a zone approximately 200m beneath what may be leakage veins intersected in previously drilled hole 20BEDH001.
A second hole is drill ready targeting a zone approximately 200m south of 20BEDH001.
The drillholes are located within the Yarindury Project, and Boda East lies around 1 to 2km east of Alkane Resources’s (ASX:ALK) Boda Cu-Au Discovery and recently announced Cu-Au deposit of around 10Moz gold equivalent.
Drilling of the first hole is expected to take approximately 4 weeks to complete, and samples will be submitted for assay after drilling concludes.
Alice Queen Chief Technical Advisor John Holliday said high-level ‘leakage’ veins may be present in the drillhole.
“The new drillhole (22BEDH011) will test deeper beneath these 20BEDH001 vein intersections, which could be high level leakage veins above a deposit.
“It is noteworthy that deeper drilling beneath such a leakage vein led to the discovery of the Cadia Ridgeway deposit by Newcrest Mining (ASX:NCM) in 1996″
“It is noteworthy that deeper drilling beneath such a leakage vein led to the discovery of the Cadia Ridgeway deposit by Newcrest Mining (ASX:NCM) in 1996.”.
Alice Queen is an Australian minerals exploration company with a portfolio of gold and copper projects located in the Northern Molong Volcanic Belt in New South Wales, Horn Island in the Torres Strait and Fiji.
Its portfolio includes:
- Horn Island which hosts an Inferred Resource of 7.9Mt @ 1.9g/t Au for 492,000oz from 18,000m diamond drilling, and demonstrates prospectivity for short-term gold production with a scoping study underway.
- Boda East which is located around 700m east of Alkane Resources’ Boda porphyry gold-copper discovery and contains 13km of north-south trend. Maiden drilling commenced in July 2020.
- Fiji which the company acquired two special prospecting licences, Nabila and Viani hosting the historic Mistry gold mine and several other prospects in Fiji.
Alice Queen has a number of projects on the ‘highly prospective’ Lachlan Ford Belt, notably Mendooran, Yarindury, Wongarbon and Boda East.
The company has received interest from a number of parties in relation to its projects due to its ‘highly prospective’ and ‘large-scale’ nature, and is continuing to explore these opportunities.
Images: Alice Queen Limited