LinQ Minerals Limited has commenced a 1,300 m Phase 1 drilling program at the Dam gold-copper deposit, part of its flagship Gilmore Project in New South Wales - marking the first drilling activity at the target since 2012.
The program is designed to test downdip and along-strike extensions of the higher-grade core while also generating metallurgical samples, with the objective of rapidly advancing the deposit within a broader 40 km belt of continuous porphyry and epithermal mineralization - geologically analogous to the Tier-1 Cadia copper-gold system.
The Dam deposit sits <1 km east of the Gidginbung deposit, with both deposits contributing to a globally significant Mineral Resource Estimate (“MRE”) totalling 120 Mt for 1.7 Moz Au and 200 Kt Cu, within a Gilmore Project global MRE of 3.7 Moz Au and 1.2 Mt Cu.
LinQ is advancing a multi-phase drilling strategy across the Southern Zone, designed to systematically scale both deposits as part of a district-level development pathway.
LinQ Minerals Executive Chair, Clive Donner commented:
“We are excited to begin drilling at the Dam, one of the key porphyry gold copper deposits in our highly prospective 40 km belt of mineralized targets. The commencement of drilling is an important step in unlocking the broader scale of this system, particularly at depth and along strike.”