viewAlice Queen Ltd

Alice Queen begins 2021 drilling programs across all project regions

The advanced gold and copper explorer is fully-funded to pursue its exploration plans at the Northern Molong and Horn Island projects.

Alice Queen Ltd - Alice Queen commences 2021 drilling programs across all project regions
Diamond drilling has begun at Boda East in the Northern Molong Projects.

Alice Queen Ltd (ASX:AQX) has begun exploration programs for the year across its Northern Molong Projects in NSW and the Horn Island Project in Queensland.

Diamond drilling kicked off at Boda East on January 10 with hole 10, which is around 1-kilometre north of the previously drilled hole 8, with further assays pending.

The company has also completed construction of the drill pads at the nearby Mendooran project and is ready to begin the maiden drill program.

“Fully-funded programs”

The company raised $7 million in August and has sufficient funds to pursue exploration at multiple project locations.

Alice Queen managing director Andrew Buxton said: “Alice Queen is continuing to drill its fully-funded exploration programs in 2021.

“The significant delays with the labs being experienced across the country has meant the company is still waiting for 2020 assay results.

“As such, Alice Queen has been restricted in its ability to report last year’s results.

“However, we expect increased news flow for all of these programs during the first quarter and look forward to sharing our pending assay results as soon as they become available.”

Horn Island St Barbara Joint Venture and excluded areas.

Horn Island drilling

The maiden drilling at the Horn Island Joint Venture with St Barbara Ltd (ASX:SBM) (OTCMKTS:STBMF) (FRA:BM1) in Far North Queensland saw 13 holes completed for 4,590 metres and all core was submitted for assay before Christmas 2020.

Phase one RC infill drilling recommenced on January 17 at the Horn Island Resource, which is not part of the St Barbara JV, with 13 of the planned 34-hole program completed to date.

Quick facts: Alice Queen Ltd

Price: 0.026 AUD

Market: ASX
Market Cap: $28.51 m

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Alice Queen Ltd says 2021 could be 'company defining year'

Alice Queen Ltd's (ASX:AQX) Andrew Buxton updates Proactive's Andrew Scott on the restart of drilling at its Boda East project along with the RC resource infill drilling program at Horn Island. In December 2020, a diamond core program of 13 holes for 4,590 meters was completed under the St...

on 2/2/21

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