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Qmines Limited (ASX:QML)

ALERT: Price-sensitive ASX Announcement for QML
Current share price for QML : $0.066 0.015 (29.41%)+
Announcement
Release
22 Jun 2026 8:40AM
Price at Release
$0.051
Full Release
download
Summary
QMines Limited announced the completion of its 2025-2026 drilling program at Mount Mackenzie, confirming significant gold and silver mineralisation. The program included comprehensive geological, geochemical, and statistical analysis, leading to the identification of key controls on mineralisation: alteration, structure, and depth. High-grade gold was confirmed at several locations, notably Vein 355, which returned one of the highest gold assays of the program. The results will support ongoing Mineral Resource estimation work, primarily focused on the North Knoll Core area, with plans for further deep drilling to explore potential extensions of the mineralised system.
Key Points
  • Final assay results from the 2025-2026 drilling program at Mount Mackenzie are complete.
  • The drilling program included 73 holes and covered areas such as North Knoll Core, North Knoll West, Southern Extension, Vein 355, and Mount Mackenzie South.
  • High-grade gold mineralisation was confirmed at Vein 355, with significant intercepts such as 16m @ 19.35g/t Au and 1m @ 108g/t Au.
  • Three principal controls on gold grade were identified: alteration, structure, and depth.
  • The program confirmed the presence of a high-sulphidation epithermal system at Mount Mackenzie.
  • Final assays confirmed North Knoll as a principal gold position with mineralisation defined over 350m of strike.
  • Mineral Resource estimation work has commenced for the Mount Mackenzie project, focusing initially on the North Knoll Core area.
  • Future drilling will include deeper diamond drilling at North Knoll West and oriented diamond drilling at Vein 355.
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.