QMines (ASX:QML) reports continued high-grade gold and silver intercepts from its maiden drilling program at Mount Mackenzie in Central Queensland.

The company said drilling was progressing with haste, with 22 of 36 planned holes completed in the 5000m program.

Latest results include:

• 9m at 7.78g/t gold and 39.39g/t* silver within 15m at 5.10g/t gold and 34.05g/t silver from 17m
• 2m at 16.01g/t gold and more than 100g/t silver within 18m at 3.40g/t gold and 28.34g/t* silver from 36m
• 8m at 5.29g/t gold and 22.11g/t silver within 15m at 3.59g/t gold and 24.91g/t silver from 20m
• 5m at 5.50g/t gold and 41.64g/t silver within 17m at 2.36g/t gold and 16.45g/t silver from 4m
• 7m at 4.33g/t gold and 58.59g/t silver within 13m at 2.51g/t gold and 41.74g/t silver from 51m
• 3m at 5.22g/t gold and 62.43g/t silver within 9m at 2.74g/t gold and 26.47g/t silver from 7m

(Silver values marked with an asterisk include assays that exceed the analytical upper detection limit and will be re-assayed.)

The program was designed to confirm historical mineralisation, improve geological confidence in the geological model underpinning the Mount Mackenzie mineral resource estimate, and support future mine design and optimisation studies.

Related: Promising results as QMines rakes over old samples

The company said the latest results, from the North Knoll deposit, confirmed grade continuity and the presence of multiple high-grade shoots within broader mineralised envelopes at the site.

“These results continue to reinforce Mount Mackenzie as a high-quality gold–silver asset with genuine scale and strong development potential,” executive chairman Andrew Sparke said.

“The consistency of grades, the presence of multiple stacked mineralised zones, and the confirmation of continuity both laterally and at depth are exactly what we want to see at this stage of the program.

“What is particularly encouraging is that modern drilling is validating and, in several areas, improving confidence in historical results while also identifying deeper zones that were largely untested.

“This gives us growing confidence in the robustness of the North Knoll system and its ability to support future resource growth.

“With drilling progressing uninterrupted and assays continuing to flow, our focus is now on targeted infill and step-out drilling to strengthen the resource base and underpin mine design and optimisation studies.

“Mount Mackenzie is shaping up as an important contributor to our broader Central Queensland
development strategy, alongside Mount Chalmers and Develin Creek, as we work toward an updated prefeasibility study in the second half of 2026.”

QMines plans to develop a centralised processing hub at Mount Chalmers, 17km north-east of Rockhampton, supported by resources from its Mount Mackenzie, Mount Chalmers and Develin Creek projects.

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