Highlights
- QX Resources’ 39%-owned Bayrock Resources confirms high-grade Ni-Cu-Co in drill results at Lainejaur Deposit.
- The results have highlighted 4.7m at 2.0% Ni, 1.6% Cu and 0.1% Co from 283m downhole, within a mineralised section.
- For the winter drilling season (Feb-Mar 2024), the company has planned a deep extensional drilling.
In the latest announcement, battery minerals explorer QX Resources (ASX: QXR) revealed that its 39%-owned Bayrock Resources Limited has confirmed presence of high-grade Nickel-Copper-Cobalt in drill results at Lainejaur Deposit.
A high-grade nickel-cobalt-copper deposit, Lainejaur is based near Malå in northern Sweden. As per the diamond drill assays, LAI23001 include 4.7m at 2.0% Ni, 1.6% Cu and 0.1% Co from 283m downhole, within a mineralised section of 22m @ 0.61% Ni, 0.52% Cu and 0.04% Co from 267m downhole.
Source: Company update
Shares gain nearly 8%
QXR stock spotted trading at AU$0.027 at the time of writing on 11 July 2023, up nearly 8% from the last close. The company has a market cap of AU$22.42 million.