{"id":12413,"date":"2024-07-18T02:52:57","date_gmt":"2024-07-18T02:52:57","guid":{"rendered":"https:\/\/economicherald.net\/?p=12413"},"modified":"2024-07-18T02:52:57","modified_gmt":"2024-07-18T02:52:57","slug":"qmines-flags-bonanza-grade-gold-rock-chips-up-to-256g-t-at-mt-chalmers","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12413","title":{"rendered":"QMines flags bonanza grade gold rock chips up to 256g\/t at Mt Chalmers"},"content":{"rendered":"<p>QMines reports up to 256g\/t gold near Mt Chalmers project in QLD<br \/>\nResults are from historical rock chip data at Cawarral and Mt Wheeler goldfield<br \/>\nCompany plans to undertake first pass drilling<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> <\/strong><strong>QMines has found bonanza grade gold rock chip samples up to 256g\/t at the Cawarral and Mt Wheeler goldfield near its Mt Chalmers project in QLD.<\/strong><\/p>\n<p>The Cawarral and Mt Wheeler goldfield is an underexplored regional gold target that forms part of the company\u2019s Mt Chalmers copper and gold project.<\/p>\n<p>These bonanza grade samples were identified from a review of historic data, with results including:<\/p>\n<p>256.00g\/t gold<br \/>\n157.00g\/t gold<br \/>\n89.40g\/t gold<br \/>\n80.95g\/t gold; and<br \/>\n156.00g\/t gold<\/p>\n<p>The project lies just 6km north-north-east of the historic Mt Chalmers mine, and results collected by previous explorers also include a stunning find of 3m at 154g\/t Au at Cawarral in RC hole MWC07.<\/p>\n<p>Notable small scale historical high-grade gold production at the goldfield includes:<\/p>\n<p>2,973oz at 62g\/t gold from the Galawa Mine<br \/>\n9,098oz at 37g\/t gold from the Annie mine; and<br \/>\n3,900oz at 42g\/t gold from the Last Chance mine.<\/p>\n<p>Located 17km north of Rockhampton, the historic gold domain has been tested by a slew of companies, with its exploration potential identified by some of the world\u2019s biggest miners, including Geopeko, Newmont Holdings, Zhong Haa Mining, Outokumpu Exploration, Marlborough Gold Mines and CRA Exploration.<\/p>\n<p>CRA and Newmont, of course, are previous iterations of mining giants Rio Tinto and Newmont Corporation, the latter the world\u2019s biggest gold producer.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Economic project potential<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>Overall, the Cawarral, Mount Wheeler and Constitution Goldfields have had little modern exploration, and <a href=\"https:\/\/stockhead.com.au\/company\/qmines-qml\/\"><strong>QMines (ASX:QML)<\/strong><\/a> believes that previous drill programs did not remotely test the area.<\/p>\n<p>QML believes there is significant potential for the discovery of an economic gold deposit with further exploration drilling.<\/p>\n<p>\u00a0<\/p>\n<p>Pic: Mount Wheeler, Cawarral and Constitution Hill Goldfields. Source: QML.<\/p>\n<p>\u00a0<\/p>\n<p>QML will now continue to compile the rock chip data and undertake field reconnaissance to gain a better understanding of the gold potential and the controls on mineralisation.<\/p>\n<p>Following this, the company plans to commence first pass drilling on completion of the planned Develin Creek and Artillery Road drilling programs.<\/p>\n<p>Prospects identified in historic exploration will represent immediate drill targets, a boost for any junior explorer.<\/p>\n<p>This drill program would assess the potential of the area to host an economic high-grade gold deposit, which would further enhance the economics of the Mt Chalmers copper and gold project.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with QMines, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/qmines-flags-bonanza-grade-gold-rock-chips-up-to-256g-t-at-mt-chalmers\/\">QMines flags bonanza grade gold rock chips up to 256g\/t at Mt Chalmers<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>QMines reports up to 256g\/t gold near Mt Chalmers project in QLD Results are from historical rock chip data at Cawarral and Mt Wheeler goldfield <a href=\"https:\/\/economicherald.net\/?p=12413\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":12414,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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