QMines’ Drilling Results Highlight High-Grade Copper and Zinc Potential at Develin Creek

2 min read | November 28, 2024 01:24 PM AEDT | By Team Kalkine Media

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QMines’ Drilling Results Highlight High-Grade Copper and Zinc Potential at Develin Creek — Image source: shutterstock

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Highlights

QMines (QML) confirms high-grade copper and zinc at Develin Creek.

Drilling results extend mineralisation at Scorpion deposit.

Metallurgical tests reveal excellent recovery rates for copper and gold.

QMines (ASX:QML) has reported strong results from its initial drilling program at the Develin Creek Project, a recently acquired asset located northwest of Rockhampton, Queensland. The project, part of the Rookwood Volcanics, hosts multiple volcanic-hosted massive sulphide (VHMS) copper-zinc deposits, including the Scorpion deposit. This maiden drilling effort marks a significant step for the company in expanding its copper and zinc portfolio.

Drilling Results and Key Intersections

The drilling campaign at Develin Creek comprised 36 drill holes, spanning over 4,227 metres. The program's objective was to verify historical drilling data, conduct infill and extensional drilling, and upgrade portions of the resource classification. Results confirmed high-grade VHMS mineralisation, consistent with historical data, and extended the known mineralisation to the north-northeast of the Scorpion deposit.

Significant intersections from recent drilling at the Scorpion deposit include:

- Copper and zinc intervals such as 26 metres at 1.38% copper and 1.99% zinc from 72 metres.

- Additional results like 23 metres at 1.57% copper and 2.77% zinc from 107 metres.

- A standout result of 10 metres at 2.49% copper from 83 metres.

The initial drilling at Scorpion also revealed promising outcomes, with earlier results reporting intervals of 31 metres at 2.35% copper and 2.37% zinc from 104 metres.

Impact on Nearby Projects

The Scorpion deposit’s results are expected to enhance the mine life of QMines’ nearby flagship Mt Chalmers Copper-Gold Project. The company’s exploration team plans further drilling at Scorpion, aiming to test northern extensions and refine resource estimates.

Ownership and Metallurgical Advancements

QMines (QML) acquired its interest in the Develin Creek Project from Zenith Minerals in two stages, finalizing ownership in 2024. Metallurgical tests conducted on Develin Creek's mineralisation have revealed excellent recoveries for copper and gold, supporting the deposit’s economic potential.

With these promising results, QMines is focused on completing the remaining drilling program and updating the mineral resource estimate. The results will play a critical role in shaping the future development of the Develin Creek and Mt Chalmers projects.

By confirming high-grade copper and zinc mineralisation and identifying resource expansion opportunities, QMines (QML) strengthens its position in the copper-zinc mining sector.

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