Okay just a little write up on why I think QXR is such good...

Okay just a little write up on why I think QXR is such good value here and could possibly have 1m ounces at it's Central Qld gold projects.

Look at the area they are in. The Central Qld gold belt has produced over 6.5m ounces of high grade gold! $GBZ are actively acquiring land and projects in the area to a feed source for their Mt Coolan gold project.
They recently acquired Twin Hills gold project which contains the 309 gold mine and Lone sister gold mine. It has reserves of 400,000 ounces at 3g/t. It boarders QXR's Lucky Break gold project and can be seen quite easily from it's recent exploration areas. Interestingly Twin Hills is an epithermal gold deposit which makes what QXR is finding very relevant and interesting.



Twin Hills is an epithermal gold deposit.

You compare that to what QXR's chief geologist Roger Jackson has said about the outcropping and soil sampling results at Red Dog below.



Look at the grab samples from surface at Red Dog which is apparently the only target area so far found on the leases that has outcropping containing gold at high grades on the leases. All the others have shallow soil cover. If you understand what they are looking for in the area and what they have found at Red Dog you'll understand they have probably found a epithermal gold deposit here.

What is epithermal gold and why is it so valuable?

All the deposits in the area are shallow high grade deposits. Easily mineable and easy money made.

Have a look at the rocks in the outcropping that align with the soils and geophysical works!

It's exactly the same as what is next door at the 400,000 ounce Twin Hills project owned by GBZ.

Worth having a read of the Red Dog anomaly announcement imo as it is easily not understood by the general investor.




Potential strike length of 2.1kms! Now what is QXR worth if they have several of these high grade epithermal gold deposits on their land which the ground work is suggesting could be possible?

I see a possible 1m ounce play here with all deposits being shallow and easily mineable. We'll soon see when the drill bit hits the ground soon what is there but looking at the ground work thus far and the geology in the area and given they are also next door to Twin Hills things are certainly looking good for several shallow high grade gold deposits to be found imo. Not bad for a $7m MC company with management all shareholders and the founder of Sanlam Private Wealth as chairman and a substantial holder also! DYOR