142m at 1.01g/t Au Eq Extends High-Grade Zone at LinQ’s Dam Deposit

Strong Continuity at the Dam Deposit

LinQ Minerals Limited (ASX – LNQ) has delivered encouraging news from its ongoing drilling campaign at the Gilmore Project in New South Wales. The company’s second drill hole at the Dam deposit, TDRCD002, intersected 142 metres grading 1.01 grams per tonne gold equivalent from 121 metres downhole. This result closely mirrors the previous hole TDRCD001, which returned 144 metres at 1.00g/t Au Eq, confirming a consistent and substantial zone of mineralisation near surface.

Extending a High-Grade Gold-Copper Core

The significance of TDRCD002 lies in its location between historical hole DD93GB45, which intersected 167 metres at 1.87g/t Au Eq, and the recent TDRCD001. This new data confirms the continuity of a shallow, high-grade gold and copper core within the southern strike extent of the Dam deposit. The combined results suggest a mineralised corridor exceeding 100 gram-metres gold equivalent, a metric that underscores both grade and thickness, which is critical for economic viability.

Implications for Resource Growth and Exploration

LinQ’s Executive Chair, Clive Donner, highlighted the importance of these results, noting that the coherence between drill holes enhances confidence in the deposit’s grade and thickness. With two additional Dam holes (TDRCD003 and TDRCD004) pending assay results, the company anticipates further news flow that could expand the known mineralisation. The findings also provide a valuable framework for targeting additional high-grade cores, particularly in less densely drilled northern sections of the deposit.

Broader Context within the Gilmore Project

The Dam deposit is part of LinQ’s flagship Gilmore Project, a significant gold-copper porphyry province situated between West Wyalong and Temora. The project hosts multiple mineralised systems, including the Gidginbung deposit, and boasts a global mineral resource estimate of over 516 million tonnes containing approximately 3.7 million ounces of gold and 1.2 million tonnes of copper. The recent Southern Zone Phase One drilling campaign has delivered several notable intercepts, reinforcing the district’s potential as a major mining hub.

Next Steps and Market Outlook

With drilling set to resume shortly at both the Dam and Gidginbung deposits, LinQ is positioning itself to build on this momentum. The pending assay results from the remaining Dam holes will be closely watched by investors and analysts, as they could further define the scale and quality of the resource. While the company’s current results are promising, the true economic impact will depend on continued exploration success and subsequent resource modelling updates.