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Alice Queen (ASX: $AQX) engages geologist for Sabeto exploration update

Alice Queen Limited provides Sabeto Project update


Alice Queen Limited (ASX: $AQX) has provided an update on its Sabeto Project in Fiji. The company has engaged experienced geologist Stewart Capp of Derwent Geoscience (Fiji) Pte Ltd to conduct exploration in Fiji. A preliminary reconnaissance field program is currently underway to prepare for a more extensive mapping and sampling program in the New Year. The Sabeto Project is located adjacent to the Lion One Metals (ASX: $LLO) Tuvatu alkaline gold mine and has the potential to host a Lion One Metals, Tuvatu style, alkaline mineral system.

Executive Commentary on Sabeto Project Update


The recent exploration at Sabeto has been promising, with the discovery of a new high-grade alkaline gold system. The best results to date include a rock chip assaying 24.9 g/t Au (sample 500131) from a narrow and steeply-dipping sulphide-rich quartz vein subparallel to another sulphide vein at 3.41 g/t Au (sample 500132). This is an exciting development for the company as it continues to uncover the potential of the Sabeto Project. We are looking forward to the results of the extensive field mapping and sampling program, which may lead into a geophysical program to generate future drill targets.

Summary of Sabeto Project Update


Alice Queen Limited (ASX: $AQX) has engaged geologist Stewart Capp to conduct exploration at its Sabeto Project in Fiji. The company is currently undertaking a preliminary reconnaissance field program to prepare for a more extensive mapping and sampling program in the New Year. The Sabeto Project, located adjacent to the Lion One Metals (ASX: $LLO) Tuvatu alkaline gold mine, has shown promising results with the discovery of a new high-grade alkaline gold system. The company is optimistic about the potential of the Sabeto Project and looks forward to the results of the upcoming exploration activities, which may lead to the identification of future drill targets.

Sourcehttps://announcements.asx.com.au/asxpdf/20231221/pdf/05ytgzxvy00yf3.pdf

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