LinQ Reports 70.8m at 1.11% Cu Eq from 71m Depth

Significant Shallow Copper-Gold Intercept at Monza

LinQ Minerals (ASX:LNQ) has unveiled a compelling drill result from its maiden program at the Monza prospect, part of the broader Gilmore Project in New South Wales. Hole MZACD003 returned a thick, near-surface mineralised interval of 70.8 metres grading 1.11% copper equivalent (Cu Eq) from 71.2 metres downhole, including a higher-grade 10-metre section at 2.82% Cu Eq starting at 104 metres. This intercept confirms the presence of shallow, higher-grade copper-gold porphyry mineralisation within a largely underexplored target area.

The Monza prospect lies within a 17-kilometre-long mineralised porphyry copper-gold corridor that hosts multiple deposits and prospects such as Estoril, Culingerai, Mandamah, and Donnington. The corridor’s geological setting is notably analogous to Evolution Mining’s Northparkes copper-gold complex, located about 150 kilometres north, underscoring the regional potential of LinQ’s tenements. The company highlights that Monza and Estoril occupy a combined strike length of approximately 2 kilometres, with a 1-kilometre gap between them yet to be drill tested, suggesting potential for a continuous porphyry system.

Drilling Progress and Pending Results

To date, LinQ has completed eight holes at Monza (MZACD003-010), with strong copper and gold results confirmed for part of MZACD003. Assays for the remaining intervals of MZACD003 and all other holes remain pending, keeping the full extent and grade continuity of the mineralisation open to further definition. The company has also completed seven additional holes at Monza, with results expected soon. This drilling is part of an aggressive campaign aimed at delineating extensions along strike and at depth within the Central Zone of the Gilmore Project.

Executive Chair Clive Donner emphasised the significance of the maiden campaign, stating that the result provides confidence to continue testing extensions of high-grade mineralisation, which remains open in multiple directions. LinQ’s strong cash position of approximately $18.7 million ensures it is well placed to advance this extensive drill program.

Gilmore Project’s Strategic Position in NSW

The Gilmore Project, covering nearly 600 square kilometres between West Wyalong and Temora, is a major copper-gold exploration hub within the Macquarie Arc province of the Lachlan Fold Belt; a region renowned for hosting large-scale porphyry gold-copper deposits. LinQ’s portfolio includes over 20 known prospects and six mineral resource deposits, with a global mineral resource estimate of 516 million tonnes containing roughly 3.7 million ounces of gold and 1.2 million tonnes of copper.

This recent Monza result adds to a string of encouraging intersections across the Gilmore Project. For instance, the company has reported substantial high-grade hits at the Dam deposit, including a 114-metre intercept grading 1.19g/t gold equivalent, which has extended the mineralised strike length, reflecting the project’s scale and potential. Such results, combined with the ongoing drilling at Mandamah and other prospects, illustrate the emerging picture of a large, multi-deposit system with significant exploration upside 114m at 1.19g/t AuEq.

LinQ’s exploration strategy is further supported by recent capital raises and strong liquidity, enabling a sustained and systematic drilling approach across its highly prospective tenements. The company’s geological team continues to apply modern targeting techniques, leveraging the region’s structural controls and porphyry analogues to prioritise drill targets.

Technical Details and Next Steps

Drill hole MZACD003 was completed to a depth of 405 metres, designed to test eastern and down-plunge extensions of previously identified high-grade mineralisation. The reported intercepts are downhole lengths, with true widths yet to be confirmed. The drilling employed a combination of aircore, reverse circulation, and diamond core methods, with careful sampling and QAQC protocols to ensure data integrity.

LinQ plans to continue drilling at Monza to close the gap between Monza and Estoril and test other undrilled porphyry targets within the 17-kilometre corridor. The company’s exploration pipeline also includes advanced prospects and brownfield targets, positioning it as a key player in NSW’s copper-gold sector. The unfolding results from Monza and other prospects will be critical in assessing the potential for resource growth and eventual development.

With multiple assay results pending and ongoing drilling, the coming weeks are poised to provide further clarity on the scale and grade continuity of mineralisation at Monza and across the Gilmore Project. LinQ’s ability to build on this initial success will be closely watched by investors seeking exposure to copper and gold in a proven mining jurisdiction Maiden drilling underway at Monza.