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Investegate |NQ Minerals PLC Announcements | NQ Minerals PLC: Director Change
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Investegate |NQ Minerals PLC Announcements | NQ Minerals PLC: 22,000 Tonnes to Beaconsfield Processing Plant
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• Best results at the base of the Cabbage Tree Hill included: o 8m @ 3.61 grams per tonne of gold ( g/t Au ) o 10m @ 1.52 g/t Au § (including 4m @ 2.53 g/t Au) • Best result in the footwall of the Tasmanian Reef being: o 2m @ 2.02 g/t Au • Both sites are sitting next to the Haul road leading to the Beaconsfield Gold Processing Plant
NQ Geologists recently collected 250 samples from five excavated costeans, for a total of 488 metres of shallow surface trenching across Cabbage Tree Hill, in three locations on their Beaconsfield Mining Lease 1767P/M. Two of the locations have indicated good gold mineralisation across an area, which has had limited historical RAB drilling and RC holes with shallow gold intercepts. The costeaning was undertaken to find the orientation of the mineralised veins that were intercepted in the past drilling. Further costeaning is now planned to understand
London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY) ( NQ or the Company ), is pleased to announce that haulage of gold bearing material from the Beaconsfield Wetlands environmental cleanup area to the Beaconsfield gold processing plant has now commenced. NQ Minerals Chairman, David Lenigas, comments; We now have a fleet of 6 trucks moving a significant amount of gold bearing material from the Wetland area, located to east of the Beaconsfield townsite, to the Beaconsfield processing plant area. This material has been deposited in the Wetlands area over the 100 years of historic mining at Beaconsfield and has been considered for many years to be an environmental issue that needed to be addressed. NQ plans to modify the Beaconsfield processing plant over the coming months to extract the gold from this material as a key component of our mine re-opening plans. Regular updates on tonnage stockpiled at the plant, gold grades and metall
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The United States Securities and Exchange Commission ( SEC ) permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC s website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the SEC Industry Guide
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