Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Alice Queen Limited (ASX: AQX) has completed its maiden diamond drilling program's third hole (25VDD003) at the 100%-owned Viani Project in Fiji. The hole intersected the target epithermal gold zone approximately 300m below the surface, extending the known mineralized alteration zone from the surface to a depth of at least 300m. Earlier holes and surface trenching had confirmed high-grade gold continuity to ~175m depth. The drill program has focused on a single section of a broader >3km mineralized trend, which remains open along strike and at depth. Samples from hole 25VDD003 have been dispatched to Australia, with assay results expected in three weeks. Encouraged by early results, the company has commenced drilling a fourth hole (25VDD004), targeting lateral strike extensions 50–80m WNW of the current mineralization. Additional trenching is underway to define new surface targets and discover mineable high-grade ore shoots within the broader gold system.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.