LinQ Minerals Hits 113m at 0.71% Copper From 33m as Monza Grows in All Directions
Key Takeaways
- The standout result from LinQ Minerals' maiden Phase 1 program at Monza is 113m @ 0.71% CuEq from just 33m depth, including a high-grade sub-interval of 4m @ 5.3% CuEq from 62m — wide, shallow, and near-surface.
- Mineralisation is open in all directions across all eight holes drilled, meaning the known footprint is a floor, not a ceiling, and every follow-up hole has the potential to expand the resource envelope.
- A 1km untested corridor between Monza and the adjacent Estoril porphyry Cu-Au resource has already returned anomalous copper-gold responses across 800m of its extent at basement depth — LinQ intends to drill-test whether the two systems are a single connected body.
- The Gilmore Project hosts a 516Mt JORC Mineral Resource Estimate containing approximately 3.7Moz Au and 1.2Mt Cu across six deposits, providing significant dual-metal leverage to copper and gold at the project level.
- Assay results for hole MZACD006 remain pending, representing a near-term catalyst, with extensional drilling to the east and north-east of MZACD010 planned as the next phase of work.
Shallow, thick copper hits confirm Monza is growing
The standout result from LinQ Minerals’ Phase 1 maiden drilling program at the Monza Cu-Au prospect has delivered 113m @ 0.71% CuEq from 33m within hole MZACD010, including 72m @ 0.95% CuEq from 45m and a high-grade intercept of 4m @ 5.3% CuEq from 62m. Hole MZACD008 added 193m @ 0.45% CuEq from 49m, extending a run of wide, near-surface results across the 8-hole program at the Monza prospect within the Gilmore Gold-Copper Project in NSW.
Critically, mineralisation remains open along strike and at depth in all directions. Follow-up extensional drilling is planned to test the boundaries of the system.
Earlier results confirming high-grade copper-gold at Monza established the initial case for the system’s potential, and the Phase 1 program has now built on that foundation with multiple wide, near-surface intercepts across eight holes.
For investors, the significance is straightforward: wide intercepts from shallow depths in a maiden program signal a system that hasn’t yet been defined, let alone constrained. The resource growth potential here is material.
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Phase 1 drill results at a glance
The table below consolidates newly reported results alongside previously reported highlights and the historical discovery hole for scale context.
| Hole ID | From (m) | Interval (m) | CuEq % | Key Grade Detail |
|---|---|---|---|---|
| MZACD010 | 33 | 113 | 0.71% | Incl. 72m @ 0.95% CuEq from 45m |
| MZACD010 | 62 | 4 | 5.3% | High-grade sub-interval |
| MZACD009 | 40 | 79 | 0.31% | And 31m @ 0.69% CuEq from 352m |
| MZACD008 | 49 | 193 | 0.45% | Incl. 7m @ 1.06% CuEq from 100m |
| MZACD007 | 159 | 104 | 0.38% | 0.21% Cu, 0.21g/t Au |
| MZACD005 | 38 | 208 | 0.61% | Incl. 5m @ 5.36% CuEq from 124m (sulphide breccia) |
| MZACD004 | 47 | 136 | 0.70% | Incl. 17m @ 1.58% CuEq from 88m (sulphide breccia) |
| MZACD003 | 47 | 226 | 0.70% | Incl. 28m @ 1.85% CuEq from 87m (sulphide breccia) |
| TMZD001 (historical) | 65 | 150 | 1.62% | Incl. 12.7m @ 13.8% CuEq from 127m |
CuEq calculated using Au US$2,500/oz and Cu US$10,000/t. All widths are downhole lengths. True widths are unknown at this stage.
What is porphyry copper-gold mineralisation, and why does open extent matter?
A porphyry Cu-Au system is a large-scale deposit where copper and gold are disseminated (spread diffusely) through intrusive igneous rock at low-to-moderate grades across a very large volume of material. The scale is the point: these systems are typically amenable to bulk open-cut mining precisely because of their size, even where individual grades appear modest. The Monza results confirm mineralisation hosted in a complex of monzonite and monzodiorite intrusives, consistent with this deposit style.
When a company reports that a system is “open in all directions,” it means drill testing has not yet reached the edge of mineralisation on any side. The known footprint is a floor, not a ceiling. Every follow-up programme has the potential to expand the resource envelope.
Monza sits within the Macquarie Arc, the geological province in central-west NSW that hosts some of Australia’s most significant copper-gold mines, including Cadia, Northparkes, and Cowal. The announcement notes the geological setting at Monza is analogous to those systems. What this tells you is that the host geology is proven at scale nearby.
There is also a specific exploration concept in play here. Monza sits 1km northwest of the Estoril porphyry Cu-Au resource. Between the two, previous air core drilling to bedrock has identified anomalous copper-gold responses across an 800m strike extent that have not yet been subject to deeper drill testing. LinQ intends to test whether Monza and Estoril represent a single, continuous porphyry mineralisation body connecting across this gap.
Gilmore Project — scale and strategic position
The Gilmore Gold-Copper Project is 100% owned by LinQ Minerals and located between West Wyalong and Temora in NSW. The project sits within the Macquarie Arc province of the Lachlan Fold Belt, a region recognised as Australia’s premier porphyry gold-copper province.
Key project metrics:
- ~597km² tenement package
- 60km belt hosting 20+ known prospects
- 6 mineral resource deposits
- Global JORC Mineral Resource Estimate: 516Mt containing ~3.7Moz Au and ~1.2Mt Cu
- ~40km strike of known continuous porphyry Cu and epithermal Au occurrences
Monza sits within a 17km mineralised corridor containing the Estoril, Culingerai, Mandamah, and Donnington deposits and prospects. Executive Chair Clive Donner put the current position plainly:
Clive Donner, Executive Chair
“We continue to intersect shallow thick copper mineralisation from near surface at Monza. The prospect remains open in all directions, including a 1km strike between Monza (prospect) and Estoril (Gilmore Resource). We are highly encouraged by our maiden drill campaign at Monza and planning is currently underway to follow up with additional drilling to test the size of the system…”
What happens next — testing the full size of Monza
Follow-up extensional drilling is planned following the maiden program results. The announcement specifically flags that high-grade Cu-Au mineralisation remains open at shallow depth to the east and north-east of hole MZACD010, two directions where the next phase of drilling is expected to focus.
Beyond Monza’s immediate footprint, the more significant test is the 1km gap between Monza and Estoril. Air core drilling has already returned anomalous Cu-Au responses across an 800m portion of this gap at basement depth. LinQ intends to follow up those results to test the concept of a single continuous porphyry body extending between the two systems. The announcement also notes Estoril itself remains open to the south, having been subject only to very wide-spaced historical drilling.
Planned next steps:
- Extensional drilling to test east and north-east of MZACD010
- Drilling to test the 1km gap between Monza and Estoril
- Follow-up at Estoril, which is open to the south
- Assay results pending for MZACD006 (a near-term catalyst)
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Investment thesis — why the Monza results matter for LNQ
The bull case from this maiden program is grounded in what the drilling has confirmed, not projected. Eight holes have delivered multiple wide, near-surface Cu-Au intercepts. The system is open in every direction. And a 1km untested corridor to the adjacent Estoril resource, already flagged with anomalous air core responses across 800m of its extent, raises the possibility of a single, larger connected porphyry body.
LinQ also carries dual metal leverage at the project level: the Gilmore MRE provides significant exposure to both copper (a commodity with structural demand tied to electrification) and gold. The upcoming extensional drilling programme represents the next material value inflection point for the stock. What you are watching for is whether the boundary of Monza expands, and whether the gap to Estoril closes.
LinQ’s drilling program has returned significant gold mineralisation alongside copper across the Gilmore corridor, reinforcing the dual-metal leverage that underpins the project’s value proposition at the resource level.
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