QX Resources has secured a new tenement in Queensland’s Drummond Basin covering some 232sq km and prospective for gold and silver mineralisation.
The addition of the Llanarth project to its portfolio takes QX’s total ground in the area to about 350sq km.
It comes as QX says it is finalising plans for a maiden drill program to commence this month at Zamia’s historical Lucky Break gold mine and extensions.
“The Llanarth tenement adds considerably to our existing package of tenements in the highly prospective Drummond Basin above Clermont in Queensland,” non-executive director Roger Jackson said.
Llanarth lies about 165km south-south-east of Charters Towers.
Western Mining previously pegged a number of mining leases within the Llanarth tenement area while exploring the Yandan deposit to the east in the 1980s.
QX said the exploration model to be applied to the Llanarth project was principally for epithermal-style gold-silver mineralisation.
Mr Jackson said the company’s immediate priority was to start drilling at the Lucky Break historical mine and surrounding areas.
“Our technical team is close to finalising the details of the program following a recent site visit and extensive remodelling of all historical data,” he said.
“Lucky Break is a very compelling opportunity for QX and I look forward
to updating shareholders on the program, reporting some new results from the recent site visit and some very exciting new geological data that we have defined.”