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Alice Queen drill results confirm evidence of porphyry system at Boda East

Results from recent diamond drilling are consistent with those that delineate the top of a mineralised porphyry intrusive complex.

Alice Queen Ltd - Alice Queen drilling results confirm evidence of a porphyry system at Boda East Prospect
The company will use results to assist in planning follow-up drilling.

Alice Queen Ltd (ASX:AQX) has completed 10 diamond drill holes for 6,819.62 metres at Boda East prospect within Yarindury Project in the highly prospective Northern Molong Belt of the Lachlan Fold Belt in Central West NSW.

The encouraging results suggest evidence of a porphyry system and have identified copper-gold-molybdenum mineralisation over a 550-metre north-south extent.

A total of 3.2 kilometres strike length was tested in the 10 holes, with hole depths ranging from 183.2 to 972.8 metres.

“Porphyry intrusive complex”

Alice Queen managing director Andrew Buxton said: “These results at Boda East are consistent with those that delineate the top of a mineralised porphyry intrusive complex.

“This intrusive complex remains open along strike extent and at depth.

“Prior to this drill campaign, we set out to identify a possible porphyry system which we are now pleased to advise that we have succeeded in doing."

Best individual copper-gold intercepts from seven holes are:

  • 1-metre at 0.01 g/t gold and 0.25% copper from 412 metres;
  • 1-metre at 0.26% copper from 429 metres;
  • 1-metre at 0.35 g/t gold and 0.33% copper from 506 metres;
  • 1-metre at 0.24 g/t gold and 0.45% copper from 598 metres
  • 1-metre at 0.04 g/t gold and 0.16% copper from 114 metres; and
  • 1-metre at 0.34 g/t gold and 0.12% copper from 220 metres.

Results are pending for the remaining three holes.

Buxton said: “The deposit model suggests that we have only intersected the upper parts of a system which may improve at depth.

“Further targeting will be completed once all laboratory results have been returned and follow-up drilling is planned.”

Solid geology with dyke trends in the identified mineralised trend.

Follow-up drilling planned

The system has identifying features including porphyritic diorite-monzonite-granodiorite dykes, which have been consistently intersected along the strike length of the central zone of mineralisation.

Future drilling will target areas where it is thought that the dykes are more well developed.

Once all results have been returned a targeting review will be completed to plan the next stage of exploration.

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