Announcement of bonanza grade gold rock chip samples at Mt Chalmers project

QMines Limited (ASX: $QML) has announced the identification of bonanza grade gold rock chip samples up to 256g/t Au from historic work completed at the Mt Chalmers project. The Cawarral and Mt Wheeler Goldfields, located approximately 6km north-east of the historic Mt Chalmers copper and gold mine, have shown promising results with rock chip samples and RC drillhole MWC07 intersecting 3m @ 154g/t Au from surface at Cawarral.

Executive Commentary on Gold Prospects

The Company is pleased to report the discovery of high-grade gold rock chip samples at the Cawarral and Mt Wheeler Goldfields. These findings are a testament to the underexplored regional gold target forming part of the Company's Mt Chalmers Copper and Gold Project. The historical data review has provided valuable insights, and we are excited to commence first pass drilling to further assess the economic potential of these gold prospects.

Summary of Bonanza Grade Gold Rock Chip Samples

QMines' announcement of bonanza grade gold rock chip samples at the Cawarral and Mt Wheeler Goldfields marks a significant development in the exploration of the Mt Chalmers Copper and Gold Project. The identification of high-grade gold rock chip samples, including those with grades up to 256g/t Au, underscores the potential for economic high-grade gold deposits in the area. The Company's plans to undertake first pass drilling and design a drill program to assess the gold potential demonstrate its commitment to further enhancing the economics of the Mt Chalmers copper and gold project. With the underexplored nature of the Cawarral and Mt Wheeler Goldfields, QMines aims to make new discoveries and transition towards sustainable copper and gold production.