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Alice Queen Limited (ASX:AQX)

ALERT: Price-sensitive ASX Announcement for AQX
Current share price for AQX : $0.007 0 (0%)+
Announcement
Release
17 Aug 2026 8:10AM
Price at Release
$0.007
Full Release
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Summary
Alice Queen Limited has initiated a drilling program at its Horn Island Gold Project in Queensland, Australia, targeting up to 5,000 meters. This multi-phase effort involves both reverse circulation and diamond core drilling, aimed at expanding the project’s resource base and testing high-grade gold zones. The Horn Island Project is recognized for its potential large-scale gold system, supported by a JORC 2012 Mineral Resource Estimate of 21.1Mt at 0.84 g/t gold, totaling 569,000 ounces. Recent advancements include the delivery of a Project Definition Study and an Exploration Target announcement. The drilling program is financially backed by an Entitlement Offer.
Key Points
  • Drilling has commenced at the Horn Island Gold Project in Queensland, Australia.
  • The multi-phase drill program targets up to 5,000 meters using a track-mounted rig for RC and diamond core drilling.
  • The Horn Island Project has a JORC 2012 Mineral Resource Estimate of 21.1Mt @ 0.84 g/t Au for 569,000 ounces of gold.
  • The project aims to expand the resource and test extensions and high-grade gold zones.
  • An Exploration Target highlights the potential for a large-scale gold system, including hard rock, stockpiles, tailings, and alluvial gold.
  • Recent progress includes an updated Mineral Resource Estimate and the delivery of a Project Definition Study.
  • The program is funded by a recent partially underwritten Entitlement Offer.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.