QX Resources has kicked off a soil sampling program at its Disney and Belyando tenements in Queensland’s Drummond Basin.
The company – formerly Hipo Resources -said its technical team had been reviewing historical drill results and previous soil sampling reports to define a number of new highly prospective targets.
Assays results are expected later this month from a program of 300-plus samples, to be followed by a reverse circulation drilling program.
QX Resources said the soil sampling program was being undertaken to confirm the previously defined gold and arsenic anomalies at the Ibis prospect and gold anomaly at Big Red.
“Out geological team has been assessing all historical data from Zamia and BMA in order to determine the best targets for follow-up drilling,” non-executive director Roger Jackson said.
“We obviously have confidence in the mineralisation extending along strike and at depth from the two historical mines, Belyando and Lucky Break, however this exploration program is designed to uncover new mineralised zones across the broader project area.
“Within the broader 115sq km tenement package the geology is indeed compelling and we have every confidence that new discoveries are highly probable.
“We look forward to getting on the ground and delivering first results very soon. Progressing with RC drilling very soon thereafter is a priority.”