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.