QX Resources plans to start drilling at the historical Lucky Break gold mine site in Central Queensland next month.
A 2000m RC drill program is set to test the Lucky Break mine anomaly and its structural trend as well as infill, depth extension and twin studies.
“We always considered Lucky Break an important component in QXR’s
Clermont Gold banking strategy, but given the outcome of the data modelling we are now very keen to get the drill rods spinning,” non-executive director Roger Jackson said.
“Adding some well-grounded exploration targeting with real potential to extend the mineralisation into virgin ground clearly adds to our confidence in the mineralisation at Lucky Break.
“We’re very excited about this year’s drill program and reporting first results.
“We are then planning on drilling the Red Dog and Ibis gold targets on which we generated some highly prospective and very compelling targets last year.”
Lucky Break lies adjacent to the Gregory Highway on EPM 14790 (Mazeppa) in the Clermont goldfield.
QX Resources last year entered into an earn-in agreement with Zamia Resources , a subsidiary of Zamia Metals, which owns four exploration licences in the Central Queensland goldfields covering about 115sq km.
The tenements host two historical gold mines, the Belyando and Lucky Break mines, as well as multiple unexplored targets.
The Belyando and Lucky Break mines produced about 93,000 oz of gold (86,000oz from Belyando and 7000oz from Lucky Break) from shallow open-cut operations in the late 1980s to early 1990s.