QMines Ltd (ASX:QML) (FRA:81V) released highly encouraging results from its maiden diamond drilling at the Mt Chalmers Copper Project in Queensland this week and has immediately moved to a 3,000-metre reverse circulation (RC) drilling campaign.
The newly listed company, which aims to be Queensland’s next copper and gold developer, has an extensive drilling program planned, funded by its recent IPO which raised $11.5 million.
Its exploration goal is to establish a strong copper development story over the next 18-24 months and to demonstrate that there is more copper and gold mineralisation underneath and around the historical high-grade mine.