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Alice Queen Hits High-Grade Epithermal Gold in Fiji

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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

 

Alice Queen Drills Stockpile Gold

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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:

21NGR093
16 metres at 1 grams per tonne gold from 4m, including 4m at 3.2g/t gold from 14m;

21NGRC0138
5m at 1.5g/t gold from 7m, including 2m at 2.5g/t gold from 8m; and

21NGRC102
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.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.alicequeen.com.au

 

Andrew Buxton Alice Queen (ASX: AXQ) November 2021

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Alice Queen (ASX: AQX) recently hit a couple of important milestones in the shape of a Minerals Resources Estimate and completion of a Scoping Study at the company’s Horn Island gold project off North Queensland in Torres Strait. Company managing director Andrew Buxton zoomed into The Resources Roadhouse to provide Wally Graham with a progress report.