QMines (ASX:QML) is accelerating exploration at its Mt Chalmers project in Queensland towards a third resource update by buying its own RC drill rig and associated equipment.
The company is also ramping up its push to become Australia’s first zero carbon copper and gold developer with the upgrade of the Mt Chalmers site to include new workshops featuring a 70,000L renewable fuel storage facility, a 10,000L rainwater system and a 10kW solar power system.
QMines will be operating an 80:20 renewable fuel blend reducing carbon emissions from drilling by an initial 20%.
Preparations are now underway for the start of drilling at the Woods Shaft prospect, an existing exploration target not currently included in the Mt Chalmers resource. A third resource update is planned for H1 2022.
The company’s flagship Mt Chalmers Project is located 17km north-east of Rockhampton in Queensland.
It is a high-grade historic mine operated between 1898-1982 with total production of 1,244,618t @ 2.0% Cu, 3.6 g/t Au and 19 g/t Ag.
QMines has recently published its second Resource upgrade at Mt Chalmers with the Resource Estimate now at 5.8 Mt @ 1.7% CuEq for 101,000 tonnes CuEq, with 78% now in the Measured and Indicated categories.
RC drilling operations will commence in February 2022, with site works and rig preparation currently being undertaken. The company has scheduled additional diamond drilling at the Mt Chalmers Mine area with the diamond drill rig expected to arrive onsite shortly
An Exploration Target (JORC 2012) has been estimated for the Woods Shaft Prospect, 700m to the southwest of the Mt Chalmers Deposit. The Exploration Target is approximately 350m in strike length, 200m wide and has not been fully tested.
The current mineralisation envelope extends from surface to a depth of 90m in places and contains gold and base metals mineralisation. The geology of the Woods Shaft Exploration Target (JORC 2012) appears similar to that of the Mt Chalmers Main Lode.
For further information please visit: https://qmines.com.au/
