Alice Queen Drills Stockpile Gold

THE DRILL SERGEANT: Alice Queen (ASX: AQX) reported assay results from recent RC drilling at the company’s Horn Island project, located in the Torres Strait, Queensland.

Alice Queen conducted the RC drill program to test a number of legacy heaps, which had been stockpiled on surface from previous gold mining operations from the late 1980s and are estimated to contain in excess of 4 million cubic metres of mined material.

Gold assay intercepts returned included:

16 metres at 1 grams per tonne gold from 4m, including 4m at 3.2g/t gold from 14m;

5m at 1.5g/t gold from 7m, including 2m at 2.5g/t gold from 8m; and

3m at 1.6g/t gold from 0m, including 1m at 3.6g/t gold from 1m.

“There are several legacy stockpiles at Horn Island that contain mined material from the historic 1980s operation,” Alice Queen managing director Andrew Buxton said in the company’s ASX announcement.

“From previous grab samples, we are aware that ore is present amongst this material.

“A limited RC program was designed to test the profile of these legacy stockpiles and it is very encouraging that this program returned positive gold results from all tested stockpiles and may, in the future with further work, provide additional value to a mining operation at Horn Island.”