NQ Minerals reports surface trenching results

Highlights

• Two locations showed strong gold intersection at surfaces.
• Best results at the base of the Cabbage Tree Hill included:
  • 8 m at 3.61 g/t of gold (Au).
  • 10 m at 1.52 g/t Au (including 4 m at 2.53 g/t Au).
• Best result in the footwall of the Tasmanian Reef being:
  • 2 m at 2.02 g/t Au.
• Both sites are sitting next to the Haul road leading to the Beaconsfield Gold Processing Plant.

NQ Geologists recently collected 250 samples from five excavated costeans, for a total of 488 m of shallow surface trenching across Cabbage Tree Hill, in three locations on their Beaconsfield Mining Lease 1767P/M. Two of the locations have indicated good gold mineralisation across an area, which has had limited historical RAB drilling and RC holes with shallow gold intercepts. The costeaning was undertaken to find the orientation of the mineralised veins that were intercepted in the past drilling. Further costeaning is now planned to understand the extent of the multi vein system near surface within this area.

NQ Minerals Chairman, David Lenigas, commented: “There has been little recorded exploration at surface at Beaconsfield area, with the majority of previous exploration and mining efforts concentrated on the rich underground mine as it continued to mine to deeper depths. NQ considers that the surface potential at Beaconsfield remains un-tapped and has the potential to add significant resources to Beaconsfield gold inventory. These results, albeit early days, are seen as very encouraging indeed. The company now plans a follow up trenching programme prior to embarking on a drilling programme.”

Read the article online at: https://www.globalminingreview.com/exploration-development/28042021/nq-minerals-reports-surface-trenching-results/