InvestSMART

Qmines Limited (ASX:QML)

ALERT: Price-sensitive ASX Announcement for QML
Current share price for QML : $0.066 0.01 (17.86%)+
Announcement
Release
28 Apr 2026 8:22AM
Price at Release
$0.056
Full Release
download
Summary
QMines Limited has identified and extended a high-grade gold corridor at the Mount Mackenzie project in Australia. The exploration has revealed two principal mineralized zones, North Knoll and Vein 355, which display significant gold and silver grades with continued open potential along strike and at depth. The drilling results from multiple holes show coherent mineralization over a 250m strike length with notable high sulphidation epithermal characteristics, indicating a large magmatic hydrothermal system. Future exploration will focus on testing the depth and strike extensions to refine the geological model and assess potential for porphyry style mineralization at greater depths. The findings reinforce the project's potential, with further assays pending to guide subsequent exploration phases.
Key Points
  • Two main mineralized zones identified: North Knoll and Vein 355.
  • Significant gold and silver grades found, with zones open along strike and depth.
  • Coherent mineralization over approximately 250m of strike.
  • High sulphidation epithermal characteristics suggest a large magmatic hydrothermal system.
  • Future work will focus on extending mineralization along strike and depth.
  • Potential for porphyry style mineralization at depth to be assessed.
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.