Alice Queen Limited

Drill Rig Mobilised to Fiji to Test Sabeto Copper Gold Project - Amended

Alice Queen Limited (ASX:AQX) (Alice Queen or the Company), is pleased to announce that a drill rig has been mobilised to Fiji to test its conceptual porphyry ‘Cu-Au subvolcanic breccia pipe’ target at its 100% owned Sabeto Project (SPL1518), located on Viti Levu in Fiji (see Figure 1).


Amendments to the previous announcement are set out below:

  • Updated the announcement date to 13 September 2024;
  • Updated Figure 1 illustration, Tuvatu label and added a reference for the neighbouring company’s labels;
  • Updated Figure 9 illustration, neighbouring companies labels and added references for the labels; and
  • Updated Competent Persons Statement to include the word “exploration” prior to the word “results”.

Alice Queen Limited (ASX:AQX) (“Alice Queen” or the “Company”), is pleased to announce that a drill rig has been mobilised to Fiji to test its conceptual porphyry ‘Cu-Au subvolcanic breccia pipe’ target at its 100% owned Sabeto Project (SPL1518), located on Viti Levu in Fiji (see Figure 1).

Highlights

  • The Sabeto project is located on the highly prospective Sabeto range, that hosts the Vuda gold copper project to its west and the Lion One Metals (TSX-V:LIO), operating “Tuvatu” gold mine to its east.
  • Further evaluation and interpretation of drill core geology, assays and a review of historical data has indicated sites for proposed drill testing of a sub volcanic copper gold breccia target at Sabeto.
  • Previous drillholes SBDD0001, SBD0003 and SBD0004 all intersected anomalous porphyry copper and gold mineralisation associated with sanidine feldspar porphyry (SFP) and hydrothermal diatreme crackle breccia. This mineralisation is open to the west where it is untested.
  • The copper gold mineralisation intersected in previous drilling is coincident with a relatively deep ‘bullseye resistivity high’ airborne ZTEM anomaly, which is interpreted to indicate an intrusive complex
  • Three diamond core holes for up to 1,800m are proposed to test the conceptual porphyry ‘Cu- Au subvolcanic breccia pipe’ target.

Alice Queen’s Managing Director, Andrew Buxton said,

This is exciting news for Alice Queen. With Gage Capital’s recent investments, the company is fully funded to execute its exploration strategy across the Company’s projects. With initial focus on Fiji, and drilling due to commence there in October, both the Sabeto and Viani projects will be drill tested in coming months. This paves the way for strong news flow throughout the back end of this calendar year and well into 2025. It is our intention to make Alice Queen a significant player in the Asia Pacific gold space.


Click here for the full ASX Release

This article includes content from Alice Queen Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Miners filing out paperwork.

Northern Territory Finalises Mine Legacy Remediation Program

The Northern Territory's government has finalised a AU$5.5 million six month mine legacy remediation program for sites located in the Tennant Creek area, a January 9 press release states.

The next phase will involve Alice Springs, where further works are scheduled for later this year.

“Mining has been an integral part of the Northern Territory’s history for more than 150 years, but historical mining activities have left behind a range of legacy features such as open shafts, degraded infrastructure, tailings dams, and waste rock dumps,” said Gerard Maley, deputy chief minister and minister for mining and energy.

Keep reading...Show less
Asian Battery Metals PLC

High grade Massive Sulphide Intercepts Confirmed at Oval

Asian Battery Metals PLC (ABM or the Company, ASX: AZ9) is pleased to announce the remaining laboratory assay results of the 2024 Phase 2 drilling program for samples from drillholes OVD026, OVD027, OVD028, and OVD029. The details of the assays are provided in Table 1.
Keep reading...Show less
Stock chart over globe.

Canadian Markets Steady Amid Trump Tariff Speculation and Renewed Greenland Interest

Canada's main stock index gained on Wednesday (January 8), driven by strength in tech and mining stocks.

Investors continue to weigh the impact of potential US trade policy changes under President-elect Donald Trump, as well as his renewed interest in taking ownership of Greenland, an idea he first raised in 2019.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed at 25,049.66, recovering from two consecutive sessions of losses following Justin Trudeau's resignation as Canadian prime minister on Monday (January 6).

Keep reading...Show less
Stock chart with Canadian flag.

Trudeau Resigns, Canadian and US Markets React

Canadian markets showed mixed reactions following Prime Minister Justin Trudeau’s resignation.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed lower on Monday (January 6), while the Canadian dollar gained strength against the US dollar, reflecting diverging investor sentiment.

The index dropped by 142.14 points to settle at 24,995.93, marking a 0.57 percent decline from its starting point for the day. Meanwhile, the Canadian dollar rose to 69.7 cents US, reaching a near three week high.

Keep reading...Show less
Australian dollars Australian flag in the background.

5 Australian Mining Grants Open for Applications in 2025

As 2025 begins, companies in the mining sector are gearing up for another year of work.

In Australia, there are many chances for explorers and developers to access government funding at both the state and federal level. The list below includes five programs that are open for applications, or will be soon.

Read on to learn more about what companies can apply and how much money is up for grabs.

Keep reading...Show less
Jay Martin, city skyline and gold bars.

VRIC 2025 Preview — Jay Martin Talks Resource Wars, Geopolitics and How to Invest

The next Vancouver Resource Investment Conference (VRIC) is set to run from January 19 to 20, 2025, and Jay Martin, president of Cambridge House, joined the Investing News Network ahead of time to discuss the event.

Looking at the resource sector, Martin, who also hosts the Jay Martin Show on YouTube, said the current decade has been defined by chaos and uncertainty, with no signs of a slowdown any time soon.

With that in mind, his macro thesis on commodities remains steadfast, and he's watching three key drivers.

Keep reading...Show less

Latest Press Releases

Related News

×