95m at 2.14 g/t Gold Equivalent Intersected 160m South of Gidginbung Open Pit

Significant Shallow Gold-Copper Intersections

LinQ Minerals Limited (ASX, LNQ) has announced a compelling new discovery at its flagship Gilmore Project in New South Wales, with the latest drill hole GBRCD013 intercepting 95 metres at 2.14 grams per tonne (g/t) gold equivalent (Au Eq) starting from just 108 metres below surface. This includes a higher-grade core of 49 metres at 3.78 g/t Au Eq, signalling a substantial and shallow mineralised zone previously underestimated in depth.

Located 160 metres south of the existing Gidginbung open pit, this intercept is the fourth gold equivalent intersection exceeding 100 gram-metres reported in the Southern Zone over the past two months, underscoring the growing significance of this district-scale mineralised system. The hole also returned high-grade silver values up to 100 g/t near surface, adding further value to the discovery.

Confirming Continuity and Extending Mineralisation

The GBRCD013 results not only confirm but significantly exceed historical drill results from the early 1990s, including a 40m intercept at 2.95 g/t Au Eq from hole TD072 drilled nearby. This continuity suggests the mineralisation extends closer to surface and over a broader area than previously modelled. Additional recent drilling in the Southern Zone, including holes GBRCD010 and GBRCD011, has also delivered strong gold-copper intersections, reinforcing the potential for resource expansion along strike and at depth.

LinQ’s Executive Chair, Clive Donner, highlighted the importance of these results, stating that the system is open to the south and down dip beneath the pit, with potential to extend mineralisation over more than one kilometre. This marks the first modern exploration program at Gidginbung in over 25 years, positioning the Southern Zone as a highly prospective mineralised district within the Macquarie Arc.

Strategic Position in a Premier Gold-Copper Province

The Gilmore Project covers approximately 597 square kilometres and hosts a global JORC Mineral Resource Estimate of 516 million tonnes containing around 3.7 million ounces of gold and 1.2 million tonnes of copper. Situated in the Lachlan Fold Belt’s Macquarie Arc, the project benefits from geological analogues to major Australian porphyry gold-copper mines such as Cadia, Cowal, and Northparkes.

LinQ’s extensive tenement package includes multiple known prospects and deposits, offering a balanced portfolio of brownfield and greenfield opportunities. The company plans to ramp up exploration efforts with three drilling rigs on site by March 2026, targeting extensions of the Gidginbung South area, the northern strike extent of the open pit, and the adjacent Dam deposit.

Looking Ahead

These latest results provide a robust platform for LinQ Minerals to advance its exploration and resource definition programs. The confirmation of shallow, high-grade mineralisation close to existing infrastructure could enhance the project’s economic viability and attract further investor interest. As drilling intensifies, market participants will be watching closely for updates on resource upgrades and metallurgical testwork that could unlock the full value of the Gilmore Project.