LinQ Minerals (ASX: LNQ) has announced a significant gold-equivalent mineralised intersection 160m south of its Gidginbung open pit.
This discovery, featuring thick and high-grade intercepts, suggests a shallower-than-expected system that could bolster the company's Southern Zone exploration efforts.
Drilling Highlights at Gidginbung
Drill hole GBRCD013 returned a notable 95m at 2.14g/t AuEq from 108m, which included a higher-grade section of 49m at 3.78g/t AuEq from 125m. Another intersection in the same hole yielded 31m at 2.19g/t AuEq from 67m.
These results indicate substantial gold-equivalent mineralisation close to the surface.
The company also reported near-surface high-grade silver, with grades reaching 100g/t Ag, though this is not included in the gold-equivalent calculations.
Additional promising results from south of the pit included GBRCD010 with 21m at 2.72g/t AuEq from 149m, and 31m at 2.46g/t AuEq from 176m (including 3m at 9.46g/t AuEq).
Drill hole GBRCD011 also intersected 21m at 3.03g/t AuEq from 145m.
Expanding Southern Zone Potential
This latest find marks the fourth AuEq intersection greater than 100 gram-metres in the Southern Zone within the last two months, underscoring the area's significance.
Phase 1 drilling programmes continue to support the potential to extend mineralisation for more than 1km south of the Gidginbung pit and downdip beneath it.
The Southern Zone is part of the broader Gilmore Gold-Copper Project, which holds a JORC 2012 Mineral Resource Estimate of 516 Mt containing approximately 3.7 Moz Au and 1.2 Mt Cu.
To accelerate the delineation of this promising mineralised system, LinQ Minerals plans to deploy three additional rigs on site by March 2026.
This expanded drilling programme will continue throughout 2026 at both the Dam and Gidginbung prospects, aiming to further define the resource.
