Things are going to pop bigtime very soon with that tight float and very thin Level 2. Tic , toc to big gold hits . Read on .
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2022) - Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) (FSE: MB3) ("Queensland Gold" or the "Company") is pleased to announce the completion of the inaugural drill campaign at our Big Hill property, located in the historic Talgai Goldfield of Queensland, Australia. At total of 1457 metres of reverse circulation ("RC") drilling was completed in 11 holes. All samples have been shipped to the analytical lab (ALS Global - Brisbane) for assaying, with results pending.
The objective of the drill program was to gain deeper understanding of the nature and location of the feeder systems beneath the historical workings of the Queenslander mine. All drill holes intersected the Queenslander vein system, providing sufficient samples to determine the continuity and tenor of mineralization approximately 100 metres down dip from the base of historical workings. Specifically, mineralization was characterized by variably developed quartz veining associated with sericite and pyrite with some arsenopyrite alteration. The vein geometry changes from sub vertical, in the area of historical workings, to dip approximately 70 degrees to the south at depth. The Company looks forward to receiving the assays to better understanding the mineralized veining identified under the historic workings.
Queensland Gold Hills CEO and Director, Blair Way, commented: "The drill program went very well and, as expected, we encountered mineralization below the historical workings where we were targeting exploration. We were able to complete the program on a shorter timeline than was anticipated as we intercepted the veining in sufficient pierce points to effectively evaluate these potential feeder sites. We look forward to announcing assay results in the coming weeks."