QRL 2.13% 24.0¢ quintessential resources limited

busy quarter ahead for qrl , page-12

  1. 6,851 Posts.
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    Any success in 800m plus holes in the MAL target - the majors might well jump. Let's see what happens this qrt.They have a solid understanding of how PNG geology works. BHP completely surrounds QRL AND NO ONE HAS MORE MONEY. I am sure they are just waiting and watching for QRL to make a discovery. The market cap is so small down here. I am also sure that success and future funding options will work for us. I think QRL will drill deep holes in multiple targets along some 40km of strike. We have gold and copper along the entire strike length of this EL. I personally think it's only a mater of of time before one of these holes hits something significant. All the results todate suggest this to me. 80m holes grading over .05g above feeder targets sort of look good to me. One previous holes was something like 80m x 1.2grams from memory. This is just one target out of 10 major targets with mineralisation on the surface. If you look at the map on their web site, we are surrounded and on trend for some of the largest gold/copper mines in the world. I would love to see QRL do a JV with BHP this year some time. please dyor.

    here is the company summary for those who are just looking at this for the first time-

    The Company is focused on exploring the Bismarck Exploration License (EL 1727) for World Class gold and porphyry copper-gold deposits in one of the most prospective and under-explored geological address in the PNG Highlands.

    Quintessential's tenement portfolio also consists of four EL Applications providing two additional strategic geographic focuses in the Milne Bay and New Britain Provinces.

    Quintessential's vision is to create significant shareholder value from discovering and developing copper-gold and gold deposits within our tenement portfolio.

    Quintessential are active and dynamic explorers who own and operate the means of exploration including diamond drilling rigs and supporting heavy equipment to facilitate flexible and cost effective exploration.
 
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Currently unlisted public company.

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