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Alice Queen recommences drilling at Yarindury porphyry targets

Results from three holes drilled at Yarindury in October continue to suggest the area may host a large-scale porphyry deposit.

Alice Queen Ltd - Alice Queen recommences drilling at Yarindury porphyry targets
AQX’s NSW porphyry projects are adjacent to Alkane Resources Ltd’s (ASX:AKM) recent Boda discovery

Alice Queen Ltd (ASX:AQX) has recommenced drilling at its Yarindury Project, which is part of its Northern Molong Belt Projects in New South Wales.

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.

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