QMines Ltd (ASX:QML) executive chairman Andrew Sparke joins Jonathan Jackson in the Proactive studio to discuss the identification of high-grade gold rock chip samples from historical data at the Mt Chalmers project.
The bonanza samples were found in the Cawarral and Mt Wheeler Goldfields, approximately 6 kilometres northeast of the historic Mt Chalmers copper and gold mine.
Notable rock chip sample grades include 256 g/t, 157 g/t, 89.4 g/t, 80.95 g/t, and 156 g/t gold. Historical production figures from small-scale mines in the area include 2,973 ounces at 62 g/t gold from Galawa Mine, 9,098 ounces at 37 g/t from Annie Mine and 3,900 ounces at 42 g/t from Last Chance Mine.
Recent analysis and digitisation of historical data by QMines have revealed these high-grade samples. Additionally, RC drill hole MWC07 intersected 3 metres at 154 g/t gold from the surface at Cawarral. The goldfields are part of a 15-kilometre north-northeast striking corridor and contain several small-scale historical mines developed on bedrock quartz reefs. These reefs, containing pyrite, sphalerite and galena in quartz-carbonate veins, are considered highly prospective.
QMines plans to start first-pass drilling following the completion of the Develin Creek and Artillery Road drilling programs.