Alice Queen Ltd surveys reveal multiple gold targets at Kaiwalagal in Torres Strait proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Alice Queen s diamond drilling identifies new broad gold zone at Horn Island Project
The new drilling results share a number of similar characteristics to the company’s flagship 500,000-ounce Horn Island gold resource. Only three of the nine DDIP chargeability anomalies have been tested to date.
Alice Queen Ltd (ASX:AQX) has identified a broad gold zone at Tatooine anomaly during exploration diamond drilling across a new priority target area at the Horn Island Project in the Torres Strait of Far North Queensland.
The new zone measures 800 metres x 600 metres with the results warranting follow-up drilling.
A 13-hole broad spaced diamond drilling program totalling 4,590 metres targeted three high priority targets out of total nine identified DDIP anomalies including Tatooine 1, Naboo 1 and Naboo 4.
S&P/ASX 200 gains 0.63%; Telstra sells towers business for $2.8 billion
Brent crude futures gained 0.5% to US$75.05 a barrel as hopes for a demand recovery persisted despite new outbreaks of the highly contagious Delta variant of the coronavirus. Gold slipped 0.93% to US$1,761.66 per ounce on Tuesday, its lowest level since mid-April as the dollar strengthened in the run-up to this week’s US jobs report.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.63% to 7,347 by about 1 pm after the Nasdaq and S&P 500 hit record highs on Wall Street overnight.
The local index is on track to advance for the ninth consecutive month in June with a monthly gain of 2.5% and a ~25% rise for the financial year which ends today.
Alice Queen reels in $1.8 million to progress gold work at Horn Island, Fiji and central NSW
Proceeds from the placement will be used in exploration activities including assessing the value of the historic Run of Mine and ore stockpiles at Horn Island via a planned RC drill program and to progress the review of historical exploration results at Fiji and starting a maiden preliminary field program. The company plans to issue around 140 million shares at a price of 1.3 cents per share.
Alice Queen Ltd (ASX:AQX) has received binding commitments for its proposed $1.8 million placement to progress gold work at its Horn Island Project in Queensland, recent Fijian acquisition and its Northern Molong Project in NSW.