Open-Ended Mineralisation at Dam Raises Questions on Resource Upside

Strong Continuity at Dam Deposit

LinQ Minerals Limited (ASX, LNQ) has delivered a promising update from its 2025 phase 1 drilling campaign at the Dam deposit, part of the Southern Zone within the Gilmore Project in New South Wales. The latest drill hole, TDRCD003, intercepted 130 metres at 1.0 grams per tonne gold equivalent (Au Eq) from 108 metres depth, reinforcing the presence of a shallow, high-grade gold and copper core that extends over a 300-metre strike length.

This result follows earlier significant intercepts from holes TDRCD001 and TDRCD002, which reported 144m @ 1.00g/t Au Eq and 142m @ 1.01g/t Au Eq respectively, confirming a remarkably consistent mineralised zone. Historical drilling also supports this continuity, with intercepts such as 167m @ 1.87g/t Au Eq and 85m @ 1.58g/t Au Eq recorded in adjacent holes.

Implications for the Southern Zone

The Southern Zone is shaping up as a significant mineralised district within LinQ’s extensive Gilmore Project portfolio. The continuity of high-grade gold and copper mineralisation at relatively shallow depths bodes well for potential economic extraction. Importantly, the mineralised core remains open both at depth and along strike, suggesting considerable upside for resource expansion.

LinQ’s Executive Chair, Clive Donner, expressed optimism about the results, highlighting the confirmation and extension of higher-grade thick intersections. He noted that further assay results from ongoing drilling at Gidginbung and Mandamah deposits are expected soon, which could further enhance the project’s economic potential.

Broader Project Context

The Gilmore Project, wholly owned by LinQ Minerals, is situated in the Macquarie Arc province of the Lachlan Fold Belt, a region renowned for hosting major porphyry gold-copper deposits such as Cadia and Northparkes. The project covers approximately 597 square kilometres and includes over 20 known prospects with six mineral resource deposits. The current global mineral resource estimate stands at around 516 million tonnes containing approximately 3.7 million ounces of gold and 1.2 million tonnes of copper.

LinQ’s drilling methodology combines reverse circulation and diamond drilling, with rigorous sampling and assay protocols aligned with JORC 2012 standards. The company’s approach ensures reliable data underpinning resource estimation and future development planning.

Next Steps and Market Outlook

With drilling set to resume shortly at both the Dam and Gidginbung deposits, LinQ Minerals is poised to build on its recent successes. The pending assay results and ongoing exploration activities will be closely watched by investors and analysts eager to see how these findings translate into resource upgrades and project valuation.

While the results are encouraging, the true widths of some intercepts remain approximated, and further drilling will be essential to refine geological models and confirm resource continuity. Nonetheless, LinQ’s strategic positioning in a prolific mining province and its methodical exploration progress suggest a positive trajectory for the Gilmore Project.