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The Markets
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Gold & silver

QMines plans 1,092-line electro magnetic survey to identify further drill targets across Mt Chalmers

The survey will be flown over the Mt Chalmers, Tracker and Striker prospects and will be used in conjunction with all current data sets to define future potential VHMS drill targets.

QMines Ltd (ASX:QML) is planning a 1,092-line kilometre REP-TEM airborne electro magnetic (EM) survey for the second half of 2021, which will allow it to define additional targets more accurately across the Mount Chalmers, Tracker and Striker prospects in Queensland.

The program, which will extend to the northwest and southeast of the Mt Chalmers mine, has been designed to cover several prospective host rocks at the Mount Chalmers mine and surrounding tenure and will provide an additional later of drill targeting information of several large soil anomalies recently discovered.

Survey to provide information on soil anomalies

It will also assist in providing an additional layer of drill targeting information on several large soil anomalies recently discovered.

The equipment is aerodynamic and lightweight which allows the collection of better data and reducing costs through longer survey endurance and lower power requirements for the helicopter.

The system is also designed to measure early-time TDEM responses to enable accurate geological mapping.

Copper strategy enhanced

QMines entered into two contracts on August 10 to acquire freehold packages totalling 43 acres adjacent to the company’s flagship Mt Chalmers Project.

The company’s freehold land acquisition is part of its integrated development strategy at the project as it continues drilling operations in and around Mt Chalmer.

QMines landholding now covers 169 acres across three freehold properties adjacent to the historical Mt Chalmers mine site.

The three freehold properties, when coupled with the Mt Chalmers historic mine site, covers 277 acres in total.

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