Highlights

  • LinQ Minerals reported multiple thick gold-copper intersections at the Dam Deposit, including 141 metres at 0.88g/t gold equivalent and 131 metres at 0.67g/t gold equivalent.
  • Drilling has extended the higher-grade gold-copper core by approximately 100 metres down dip, while identifying a new gold zone outside the current resource.
  • Twelve additional holes have been completed since February, with six Dam Deposit assays still pending and expected to provide further news flow.

LinQ Minerals Ltd (ASX:LNQ) continues to advance exploration activities at its flagship Gilmore Gold-Copper Project in New South Wales, with the latest drilling results from the Dam Deposit highlighting further resource growth potential.

On 12 June 2026, LinQ Minerals shares traded at AUD 0.29, down 1.69% for the session. While the stock recorded a modest decline during the day, investor attention remains focused on ongoing drilling success and the potential expansion of higher-grade mineralisation within the company's existing resource base.

The latest exploration update announced significant gold and copper intersections from five additional drill holes at the Dam Deposit, reinforcing the continuity of mineralisation and extending the known high-grade core. These results represent another step in LinQ's strategy to expand resources across the broader Gilmore Project, which already hosts a substantial mineral inventory.

Significant Intersections Extend the Higher-Grade Core

The most notable result from the latest drilling campaign came from hole TDRCD006, which intersected 141 metres grading 0.88 grams per tonne gold equivalent from a depth of 183 metres.

The intersection included average grades of 0.39g/t gold and 0.40% copper, highlighting the multi-metal nature of the deposit.

Management stated that this result extends the higher-grade gold-copper core approximately 100 metres down dip, increasing confidence in the continuity of mineralisation at depth.

The extension is particularly significant because it builds upon previously reported high-grade intersections that have consistently outlined a substantial mineralised zone.

Earlier drilling had already delivered intersections such as:

  • 144 metres at 1.00g/t gold equivalent
  • 142 metres at 1.01g/t gold equivalent
  • 130 metres at 1.00g/t gold equivalent
  • 114 metres at 1.19g/t gold equivalent

The latest result adds further support to the growing geological model and suggests that the high-grade core remains open for expansion.

Additional Holes Deliver Encouraging Shallow Results

Beyond TDRCD006, several additional drill holes produced broad gold-copper intersections that exceeded the current resource grade.

Hole TDRC008 returned 101 metres grading 0.68g/t gold equivalent from 49 metres depth, while TDRCD009 delivered 131 metres grading 0.67g/t gold equivalent from 129 metres.

These intersections are noteworthy because they occur at relatively shallow depths that may be relevant for future development considerations.

The consistency of mineralisation across multiple drill sections also provides greater confidence in the continuity of the system along strike.

According to the company, both holes were drilled within widely spaced areas near the northern strike extent of the resource and have confirmed mineralisation beyond previously defined zones.

This supports the broader objective of expanding the resource footprint while identifying additional high-grade zones.

New Gold Discovery Outside Current Resource

One of the more interesting outcomes from the drilling campaign was the result from hole TDRCD010.

The hole intersected 8 metres grading 1.56g/t gold equivalent from 101 metres, with the interval dominated by gold rather than copper.

Importantly, this intersection lies outside the current resource model.

Management believes the mineralisation may represent a separate epithermal-style gold system located in the hanging wall of the existing Dam Deposit resource.

The zone remains open down dip and in multiple directions, creating a new exploration target that could potentially add additional ounces outside the currently defined resource.

For investors, discoveries beyond existing resource boundaries often attract attention because they can indicate broader mineralising systems than previously understood.

Resource Growth Potential Across the Southern Zone

The Dam Deposit forms part of the Southern Zone within the broader Gilmore Project.

This mineralised corridor extends for more than six kilometres and contains multiple mineral resource estimates as well as several exploration targets.

Beyond the Dam Deposit, the Southern Zone includes the Gidginbung resource and prospects such as Mag H1, Woolshed and Fields.

The geological setting is considered analogous to some of Australia's most significant gold-copper systems, including those found within the Macquarie Arc.

The latest drilling campaign is focused on increasing the higher-grade component of the resource, particularly within the inferred category, while testing extensions along strike and at depth.

Success in these areas could contribute to future resource updates and strengthen the overall project profile.

Pending Assays Could Provide Additional Catalysts

Another important aspect of the latest announcement is the volume of drilling still awaiting assay results.

Since drilling resumed in February, LinQ has completed an additional 12 holes at the Dam Deposit.

Six of those holes remain pending, while seven further holes from the Monza prospect are also awaiting results.

Management indicated that further updates are expected later in June and throughout July.

For market participants, pending assay results represent a near-term catalyst because they may provide additional evidence of resource expansion or identify new mineralised zones.

The continuous flow of exploration data also allows the company to refine geological interpretations across the broader Gilmore Project.

Gilmore Project Remains the Central Investment Focus

LinQ's flagship Gilmore Project remains one of the larger undeveloped gold-copper projects within the Macquarie Arc region.

The company controls approximately 597 square kilometres of tenure and hosts more than 20 known prospects alongside six mineral resource deposits.

According to the company, the project currently contains a global mineral resource estimate of 516 million tonnes, including approximately 3.7 million ounces of gold and 1.2 million tonnes of copper.

The latest drilling results at the Dam Deposit are intended to strengthen and potentially expand portions of that broader resource base.

As exploration continues, management's focus remains on identifying additional higher-grade zones that could improve the overall quality and scale of mineralisation across the project.

Conclusion

LinQ Minerals' latest drilling update provides further evidence that the Dam Deposit continues to grow both laterally and at depth. The extension of the higher-grade gold-copper core, combined with the discovery of a new gold-rich zone outside the existing resource, reinforces the exploration potential of the Southern Zone. While the share price recorded a modest decline on the day of the announcement, the market's focus is likely to remain on pending assay results and the company's ability to further expand mineralisation across the Gilmore Project. With additional drilling results expected in the coming weeks, LinQ enters the next phase of exploration with several potential catalysts ahead.