LinQ Minerals has pushed the high-grade gold and copper envelope at its Dam deposit, hitting a 114-metre intersection grading 1.19g/t gold equivalent, expanding the mineralised strike to over 400 metres. With nine more drill results pending, the Gilmore Project’s resource potential continues to intrigue.
- 114m at 1.19g/t AuEq extends Dam deposit strike
- Four of five phase 2 holes exceed 100 gram/metre AuEq
- High-grade mineralisation remains open at depth and along strike
- Nine additional drill results awaited
- Gilmore Project hosts 516Mt resource with 3.7Moz gold and 1.2Mt copper
Significant Step-Out Drilling Boosts Dam Deposit Potential
LinQ Minerals Limited (ASX:LNQ) has reported a striking 114-metre intersection grading 1.19g/t gold equivalent (AuEq) from 144 metres downhole in its latest hole TDRCD005 at the Dam deposit, part of the company’s flagship Gilmore Project in New South Wales. This result extends the shallow, high-grade gold and copper core strike by 50 metres to over 400 metres within a known mineralised strike of 1.2 kilometres, reinforcing the deposit’s growing significance.
The TDRCD005 hole, a north strike step-out from previous drilling, delivered 0.67g/t gold and 0.41% copper within the broader AuEq figure, underscoring the robust copper-gold tenor typical of the Gilmore porphyry system. Notably, four of the first five holes completed in LinQ’s phase 2 drilling campaign at the Dam deposit have exceeded 100 gram/metre AuEq intersections, a benchmark indicating strong economic potential.
Drilling Campaign and Broader Gilmore Context
The phase 2 program aims to delineate extensions to the higher-grade core and identify additional high-grade zones across the northern strike extent of the deposit. With nine more holes completed and assays pending, the company anticipates further news flow this month that could materially impact the project’s development trajectory.
LinQ’s Gilmore Project covers approximately 597 square kilometres within the Macquarie Arc province, a premier Australian porphyry gold-copper belt renowned for hosting major mines such as Cadia, Cowal, and Northparkes. The project boasts a Global Mineral Resource Estimate of 516 million tonnes containing around 3.7 million ounces of gold and 1.2 million tonnes of copper, positioning LinQ as a significant player in this prolific region.
The Dam deposit itself is classified as a porphyry gold-copper system, with mineralisation dominated by pyrite, chalcopyrite, and molybdenite, occurring as both disseminated and quartz stockwork vein hosted sulphides. This geological setting is consistent with other deposits within the Gilmore Project, including Mandamah and Yiddah, which have also yielded encouraging drill results recently.
Encouraging Early Phase 2 Results and Pending Assays
Highlights from LinQ’s maiden Southern Zone drill campaign at Dam include intersections such as 144m at 1.00g/t AuEq (hole TDRCD001) and 142m at 1.01g/t AuEq (hole TDRCD002), with the latest TDRCD005 result improving on these grades and confirming continuity of the high-grade core. These results complement recent discoveries south of the Gidginbung open pit, where LinQ reported thick high-grade gold-copper zones, indicating a broader system with multiple high-potential targets.
The company’s Executive Chair, Clive Donner, expressed optimism about the program’s early success, noting the extension of the shallow high-grade strike and the anticipation of further assay results. This drilling momentum follows a robust capital raise and a series of encouraging intersections at Gilmore’s other deposits, including the 220-metre copper-gold intercept at Mandamah, which confirmed the continuity of a high-grade mineralised core in early 2026.
With drilling designed to intersect geology at high angles and rigorous sampling and assay protocols in place, the reported results provide a reliable foundation for resource expansion. However, true widths of some intercepts remain approximated, and further drilling will be necessary to confirm geological continuity and support resource classification upgrades.
LinQ’s recent high-grade hits and $15.4M placement have underpinned its aggressive exploration push, while the 220m copper-gold hit at Mandamah underscores the regional potential of the Gilmore Project’s porphyry systems. As the company awaits the pending assays from nine additional holes at Dam, the market will be watching for confirmation of further high-grade zones that could reshape the project’s resource profile.
Bottom Line?
LinQ’s latest drilling at Dam reinforces the deposit’s high-grade potential, but pending assays and further drilling will be pivotal in defining the scale and economic viability of extensions.
Questions in the middle?
- Will the pending nine drill results confirm further high-grade extensions at Dam?
- How might these new intersections influence LinQ’s resource update and mine planning?
- What are the implications for LinQ’s positioning within the Macquarie Arc gold-copper province?