QMines lifts Mount Mackenzie gold resource 32%

The update follows a 73-hole, 9,798-metre reverse circulation and diamond drilling campaign focused on the North Knoll deposit. It was the first drilling QMines ran at Mount Mackenzie since acquiring the project.

Exploration Manager Tom Bartschi said the results gave the company a clearer picture of how gold is distributed across the deposit. Mineralisation is controlled by geological structures and alteration rather than random distribution, he said, which allowed the team to build a more accurate geological model and target future drilling.

The drilling campaign did not close off mineralisation. The deposits remain open along strike and at depth, leaving room for further resource growth. QMines plans to continue drilling to test extensions of the mineral system, particularly at depth and west of the North Knoll deposit. South West Slopes remains available for future resource growth after not being drilled in the latest campaign.

"This is the first Mount Mackenzie Mineral Resource Estimate informed by QMines drilling and represents a clear advancement from the Resource base the Company acquired," Bartschi said.