Alice Queen Hits High-Grade Epithermal Gold in Fiji

THE DRILL SERGEANT: Alice Queen (ASX: AQX) reported an encounter with high-grade epithermal gold mineralisation in its maiden drill hole at the company’s 100 per cent-owned Viani project in Vanua Levu, Fiji.

Alice Queen conducted the diamond drilling at the Dakuniba prospect to test high-grade low sulphidation epithermal gold mineralisation that has been previously mapped over an area of three kilometres.

24VDD001 intersected several zones of gold mineralisation from 103.5 to 166.88m (63.38m) returning best results of:

1.25 metres at 2.24 grams per tonne gold and 12.48g/t silver from 107.9m, including 0.5m at 4.77g/t gold and 24.8g/t silver; and

1.9m at 8.52g/t gold and 13.1g/t silver from 144.2m, including 0.7m at 17.6g/t gold and 12.32g/t silver.

“While it is too early to call this a ‘discovery’, it certainly seems to me that this has all the hallmarks of one,” Alice Queen managing director Andrew Buxton said in the company’s ASX announcement.

“Now that we have been able to replicate the high-grade gold hit that JICA made in the 90’s, with more than three kilometres of surface gold anomalism still to test within a large 200 square kilometres tenement area, and with drilling continuing on site, it feels like just a matter time before we can claim Viani as the ‘next big thing’ in the exciting and evolving story of gold mining in Fiji.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE