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Mining exploration in Queensland, Australia

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2026-10-08 03:33 UTC → 2026-10-23 00:25 UTC · added ~~removed~~

Mining exploration activities in Queensland, Australia, have yielded positive geological results. QMines Limited reported that its barge-based drilling at the Mount Chalmers project successfully accessed the floor of a flooded open pit. The results exceeded previous resource models, with one specific drill hole yielding an average copper equivalent grade of 1.31%, surpassing the 1.10% estimated in 2024. Recent diamond core drilling at the site identified semi-massive sulphides and high-grade intervals, including a 2.4m zone at 5.4 per cent copper and 3.8g/t gold. To support an updated mineral resource estimate and a definitive feasibility study, QMines completed the $1.4 million sale of its subsidiary, QDrilling, to Gas Field Services. The drilling rig will remain on-site to ensure the expanded 129-hole exploration campaign continues. Concurrently, Great Southern Mining and Gold Fields reported results from maiden drilling at the Mt Dillon target near Edinburgh Park. The ~~program,~~ 1535-metre, two-hole program was conducted under an earn-in agreement ~~with~~ that allows Gold ~~Fields,~~ Fields to spend up to A$15 million for a 75 per cent stake in the project. The drilling intersected a potentially significant mineral-rich ~~structure.~~ structure, with holes reaching depths of 762.1 metres and 772.8 metres. Core logging identified a ~~wide~~ 60m to 80m-wide fault zone near the surface, followed by volcanic and intrusive rocks with pervasive alteration. Lower sections contained hydrothermal breccia zones with pyrite content reaching up to five per cent. Confirmatory assays are expected in the coming weeks.

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