Gold Projects – QueenslandGold Project -Queensland (70%)QX...

Gold Projects – Queensland
Gold Project -Queensland (70%)
QX Resources holds gold project areas strategically located within the Drummond Basin that has >6.5moz gold
endowment and a long history of ongoing mining (Figure 5). The Company holds a 70% equity interest in four
QX Resources Limited Level 8, 99 St Georges Tce
ABN 55 147 106 974 Perth WA 6000
www.qxresources.com.au Tel: +61 8 9486 4036
(4) exploration licenses in the Central Queensland goldfields covering ~115km2
that includes two historical
open pit gold mines, the Belyando and Lucky Break Mines as well as multiple unexplored targets. The projects
are part of an agreement with Zamia Resources Pty Ltd, a wholly-owned subsidiary of Zamia Metals Limited.
Red Dog, Disney and Lucky Break Projects
A previous trenching program was completed at the Big Red and Red Dog gold prospects with significant gold
mineralisation reported. A reverse circulation drilling campaign is planned across the prospects.
No ground exploration was undertaken at the projects during the quarter.
Copper-Gold-Molybdenum Projects – Queensland (100%)
Two exploration permits (EPM 27931 and EPM 27921) are highly prospective for copper, gold, and
molybdenum, and provide a significant extension to existing tenements in the Clermont goldfields in
Queensland. Covering an area of 313km², Mistake Creek is located 68km north-west of Clermont. A large
geophysical target (magnetics, IP) appears promising to replicate previous success at the Anthony
molybdenum deposit and potentially located copper-gold mineralisation. The area has seen limited
exploration historically with previous drilling only intersecting part of a much larger target. The Miclere Creek
tenement is located approximately 60km north-west of Clermont and covers an area of 313km² and extends
the area around the Anthony Moly Project.