Six targets have been generated for drilling by the company’s technical advisor John Holliday.
Holliday said: “Yarindury provides a rare opportunity to test undrilled quality porphyry targets under quite shallow cover on Australia’s premier porphyry geology.”
The targets are under sedimentary cover which is interpreted to have an average depth of less than 200 metres.
Alice Queens’ managing director Andrew Buxton said: “We are really excited to recommence exploration at our NSW porphyry projects, Yarindury has multiple exciting kilometre scale gold-copper porphyry targets, along strike from Newcrest’s Cadia Valley.
“John Holliday, who is the co-discoverer of Newcrest’s Cadia Valley, has been responsible for generating our undercover Molong Volcanic Belt projects and has completed the generation of our drill targets at Yarindury.”
Targets have porphyry-style aspects and are untested by drilling
The target areas have the most attractive magnetic, and also gravity, features for a porphyry setting.
The shapes of these magnetic features are also pointed and arcuate, thus possibly due to intrusive (porphyry) rocks, and there has been no drilling at all to test this area.