LinQ Expands Dam System

Key Concepts

• Porphyry Gold-Copper Deposit: A large-tonnage, low-to-medium grade mineral deposit formed by hydrothermal fluids.
• Epithermal Gold Zone: A type of mineral deposit formed at shallow depths from hydrothermal systems, often associated with volcanic activity.
• Down-dip Extension: Drilling deeper along the inclination of a mineralized structure to expand the known resource.
• Gram-meter (g-meter) Intersection: A metric used to measure the grade and thickness of a mineralized zone (Grade × Thickness).
• Macquarie Arc: A geological region within the Lachlan Fold Belt known for significant porphyry mineralization.
• Structural Geology: The study of the arrangement and deformation of rock units to understand mineral distribution.

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Phase 2 Drilling Results at "The Dam"

The second phase of drilling at "The Dam" has yielded highly encouraging results, confirming the continuity and quality of the gold-copper mineralization:

• Hole 6: Successfully extended the high-grade gold and copper core by 100 meters down-dip.
• Holes 8 & 9: Intersected copper-gold grades that exceed the current resource grade at shallow, open-pit depths.
• Hole 10: Intersected an epithermal gold zone to the east of the pit. While this is a single-hole discovery, it suggests potential for additional mineralization outside the main porphyry system.

Performance Metrics and Geological Significance

The project is demonstrating consistent high-grade potential:

• High-Grade Intersections: A significant benchmark is the "100 g-meter intersection." In Phase 1, four out of five holes met this threshold. In Phase 2, the down-dip drilling also produced an intersection exceeding 100 g-meters.
• Deposit Characteristics: The Dam is characterized by thick, relatively shallow intersections of porphyry gold and copper.
• Geological Context: The presence of epithermal mineralization alongside porphyry systems is common in the Macquarie Arc. The company notes that the Gigibang epithermal gold deposit is located 600 meters west of The Dam, and other targets (Mag H1 and Fields) exist within a 6-kilometer radius, suggesting a highly prospective mineralized belt.

Regional Strategy and Exploration Framework

The company manages a 600-square-kilometer tenement area with a 40-kilometer north-to-south mineralized strike length, divided into three zones: Southern, Central, and Northern.

• Current Scale: The three zones collectively host over 500 million tons of mineralized material.
• Methodology: To manage the complexity of six existing deposits and over 20 mineralized targets, the company employs:
  • Advanced Exploration Techniques: Integration of geochemistry and geophysics.
  • Historical Data: Utilization of a 40-year proprietary database to refine structural geology models.
  • Capital Allocation: Given the number of targets, the company prioritizes drilling based on technical and geological potential to ensure efficient use of capital.

Future Outlook

• Immediate Focus: The drilling program is currently concentrated on the Southern and Central zones.
• Pending Data: There are 15 drill holes currently pending results from the Monza, The Dam, and Gigibang sites.
• Structural Investigation: Future drilling will focus on determining the extent of the deposit beyond the fault line located on the western side of The Dam.

Synthesis

The drilling program at The Dam has successfully validated the project's potential by confirming high-grade, shallow mineralization and extending the core of the deposit. By leveraging a 40-year geological database and advanced exploration techniques, the company is systematically prioritizing its extensive portfolio of targets across the Macquarie Arc. The discovery of epithermal mineralization to the east of The Dam adds a new dimension to the exploration strategy, though further drilling is required to confirm the scale of this secondary zone. The company remains in an active growth phase with significant assay results pending.