Three holes were previously drilled at Yarindury in October this year and results showed that the cover thickness of around 60 metres in the area drilled was substantially thinner than anticipated.
While no mineralisation was intersected, evidence remains that Yarindury could host a major porphyry deposit.
Five additional targets have been generated bringing the total to 11 targets at Yarindury, of which three have been drill tested.
The drilling program will test the eight untested targets with at least one hole each.
Area known to host porphyry-style deposits
Alice Queen’s managing director Andrew Buxton said: “We are very excited by the unexpectedly shallow cover and the petrological and litho-geochemical results achieved in the first few holes of this program.
“We are now working towards increasing our target inventory across our Northern Molong Belt Projects.”
Notably, Yarindury and the other Northern Molong Belt Projects are along trend from Newcrest Mining Ltd's (ASX:NCM) Cadia Valley 42-million ounce gold mine and adjacent to Alkane’s recent Boda discovery.