Queensland Mining Corporation (ASX:QMN) has received assay results from deep diamond drilling at the Greenmount deposit within the company’s flagship White Range project in Queensland.
The single diamond hole intersected broad sporadic primary sulphide copper mineralisation at the targeted depth.
Highlights from the drill results include 7 metres at 1% copper and 0.48g/t gold from 330 metres, and 5 metres at 0.29% copper and 0.09g/t gold from 318 metres.
The Greenmount deposit is located 35 kilometres south-southwest of Cloncurry and is the largest single resource within White Range.
The current JORC resource stands at 1.2Mt at 1.3% copper, 0.5g/t gold and 0.07% cobalt in the measured category, 7.7Mt at 0.8% copper, 0.3g/t gold and 0.06% cobalt in the indicated category, and 3.8Mt at 0.6% copper, 0.2g/t gold and 0.04% cobalt in the inferred category.
The resource is mainly within 100 metres of surface and is dominated by oxide and transitional copper minerals.
Drilling has also extended the known mineralisation for more than 150 metres down dip, which provides room for infill drilling at upper level in the future.
The discovery of primary sulphide copper mineralisation at depth at Greenmount is a significant positive outcome.
Earlier this year, QMN expanded into graphite exploration by signing a farm-in agreement with Orbit Capital over a project in Cloncurry.
Orbit Capital is to undertake exploration and complete two reverse circulation drill holes targeting graphite mineralisation within the next 12 months, to earn an 80% interest in any graphite discovery.
QMN retains 100% of other metal rights within the tenement.
