QX Resources Limited’s wholly-owned subsidiary Skyfall Resources Pty Ltd has secured two highly prospective tenements for precious and base metals, located in the Clermont Goldfields of central Queensland’s Drummond Basin.
The two exploration permits deliver a significant extension to QX’s existing tenements in the region, which includes the Lucky Break, Red Dog, Big Red, Belyando, Ibis, and Anthony prospects.
The two permits are considered highly prospective for gold, silver, and base metals, including molybdenum, copper, lead, zinc, and cadmium.
QX chairman Maurice Feilich said: “Securing these highly prospective tenements in a region prolific for precious and base metals further consolidates our strong position in the region.
“Both permit areas are relatively underexplored and provide us with great upside to continue exploration including the potential to extend current exploration programs at the advanced Anthony molybdenum deposit.
“Our technical team have already begun work on the exploration programs with the review of historical data and planning for initial reconnaissance mapping and soil/rock chip sampling.
“The programs are being undertaken concurrently with our additional gold and lithium projects which will continue uninterrupted.”
The first permit for the Miclere Creek tenement is 60 kilometres northwest of Clermont and despite having sufficient lithological and geophysical indicators that represent a favourable structure and environment for mineralisation, the permit area has seen limited historical exploration.
Miclere Creek includes multiple viable structural targets including the prospective Bowen Anakie unconformity and potential extensions to the company’s Anthony system.
Principle target areas are hydrothermal vein and porphyry-related molybdenum, gold, silver, copper, lead, and zinc mineralisation located in target area one.
The Mistake Creek tenement is 68 kilometres northwest of Clermont and similar to Miclere Creek, the permit area has seen limited historic exploration, with the latest work being undertaken by Zamia Resources from 2009-2020.
The permit is prospective for gold and silver with historical assays revealing gold anomalies within the permit area.
Target area one shows a north-south structural corridor centred on an intrusive complex, as well as multiple north-northwest and north-northeast structural sets which remain unexplored.
Work undertaken by Zamia in 2009 determined that intrusives in the first target area show geochemical and structural parallels to QX’s Anthony molybdenum deposit.
Initial exploration activities at Mistake Creek will focus on the review of historical data and reconnaissance field inspections of target areas which will include rock chip sampling.
