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LinQ Minerals Limited (ASX:LNQ)

ALERT: Price-sensitive ASX Announcement for LNQ
Current share price for LNQ : $0.270 -0.105 (-28%)+
Announcement
Release
19 May 2026 8:12AM
Price at Release
$0.375
Full Release
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Summary
LinQ Minerals Limited announced significant results from its maiden drilling program at the Monza Gold-Copper prospect, part of the Gilmore Gold-Copper Project in New South Wales. The highlight of the drilling was hole MZACD003, which intercepted 70.8 meters at 1.11% copper equivalent, with grades of 0.58 g/t gold and 0.65% copper starting at a depth of 71.2 meters. This intercept includes a higher-grade segment of 10 meters at 2.82% copper equivalent. The program aims to explore extensions of previously identified high-grade mineralization. The Monza prospect is part of a broader 17km mineralized trend, with Monza and the nearby Estoril complex potentially forming a single porphyry copper-gold system. The company is well-funded, with cash reserves of approximately $18.7 million to support ongoing exploration efforts.
Key Points
  • 70.8m @ 1.11% Cu Eq intercepted in hole MZACD003 at Monza.
  • Includes 10m @ 2.82% Cu Eq from 104m depth.
  • Monza is part of a 17km mineralized copper-gold corridor.
  • Drilling ongoing with multiple assays pending.
  • LinQ is well-funded with ~$18.7m cash for exploration.
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.