QMN 0.00% 16.8¢ queensland mining corporation limited

It's great to see some of the CuDeco faithful over here finally...

  1. 419 Posts.

    It's great to see some of the CuDeco faithful over here finally taking notice of QMN... this company has a lot of potential and even though it may be in it's infancy in terms of exploration. It should be recognized for the potential of its many EPM's within the resource rich Mt Isa district! Not to mention the 50+ mining leases they own throughout northwest Queensland...

    The EPM that currently holds the most interest and potential for QMN is the one adjoining CuDeco's Rocklands project. I'm most interested for the following reasons...

    QMC Managing Director said that their "Morris Creek prospect is identical in many ways to Rocklands including being associated with a prominent fault, having similar
    breccias and rocktypes, and possessing identical geophysical signatures to Rocklands".

    He also says that:
    "Recent geophysical exploration has located a strong radiometric anomaly trending from" Morris Creek into the Rocklands project. "This anomaly, together with large magnetic variations within the Morris Creek tenement,
    provides numerous targets for QMC with high potential for copper and gold mineralisation... Outcropping breccia provides immediate drilling targets, however QMC has commissioned a Sub-Audio Magnetic survey (SAM) for mid-September to more accurately outline drill
    targets at depth at Morris Creek, he said. "This geophysical technique is understood to have returned excellent results at Rocklands and largely outlines the location of the Rocklands mineralisation. "Drilling at Morris Creek is expected to start in October".

    We have past mid September now and are only a few weeks away form their planned drilling to start on the Morris Creek EPM... We will soon find out if the trend does indeed continue from Rocklands...

    We have all got in early with QMN and we have years of growth potential ahead of us. Especially now with the US showing signs that they are coming out of recession. We may well be at the start of another mining boom, where exploration companies get funded via institutional investors and retail investors have more reason and confidence to invest in these spec stocks once again...

    QMN is one particular spec stock with loads of potential and if commodities continue to see a strong recovery (as I expect they will), then funding QMN's required exploration will not be a problem!

    Cheers!
 
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