Alice QUEEN Ltd
Alice Queen's Viani Gold Project Delivers Spectacular High-Grade Results
Alice Queen Limited (ASX:AQX) has released impressive trench sampling results from its 100% owned Viani epithermal gold project in Fiji, confirming the discovery of a substantial high-grade gold system. The latest Alice Queen gold project results continue to expand in scale and scope, demonstrating outstanding grades up to 26.83 g/t gold.
The discovery extends known mineralisation along a 5-kilometre strike length that remains open in multiple directions. Furthermore, these exceptional results position Alice Queen at the forefront of one of the Pacific's most exciting gold exploration stories.
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Game-Changing High-Grade Gold Discovery Expands Strike Length
The latest trenching programme has delivered outstanding results, with Alice Queen identifying a new high-grade gold zone at the Tabua's Camp prospect. This discovery sits approximately 400 metres east of the company's 2025 drilling success.
The Alice Queen gold project results demonstrate exceptional continuity and grade potential of what is emerging as a significant epithermal gold discovery. Moreover, the consistency across multiple prospects validates the geological model underpinning the exploration strategy.
Standout High-Grade Results
The exceptional grades span 40 metres of strike across three parallel trenches, indicating robust continuity of the mineralised system. In addition, the following results showcase the project's outstanding potential:
- Trench 41c: 4m @ 10.91 g/t Au including 1m @ 26.06 g/t Au
- Trench VT001: 2m @ 13.69 g/t Au including 1m @ 26.83 g/t Au
- Trench VT006: 3m @ 6.62 g/t Au including 1m @ 16.63 g/t Au
The company has also identified an additional anomalous gold zone approximately 25 metres south of the main high-grade zone. This secondary zone returned notable results including:
- Trench VT002: 4m @ 0.69 g/t Au
- Trench 40c: 1m @ 1.64 g/t Au
| Trench | Interval (m) | Grade (g/t Au) | Including (g/t Au) |
|---|---|---|---|
| Trench 41c | 4m | 10.91 | 1m @ 26.06 |
| VT001 | 2m | 13.69 | 1m @ 26.83 |
| VT006 | 3m | 6.62 | 1m @ 16.63 |
Massive 5km Strike Length System Remains Open
The Viani low-sulphidation epithermal (LSE) gold system now extends over 5 kilometres in a WNW-ESE orientation. However, the system remains completely open to the northwest, southeast, and at depth.
This scale positions Viani amongst the larger epithermal systems in the region, with substantial exploration upside remaining untested. For instance, the Alice Queen gold project results continue to identify new prospects along this extensive strike length.
System Scale Highlights
The extensive nature of this discovery becomes apparent when considering the following achievements:
- 5km strike length confirmed through surface geochemistry
- Open in three directions: WNW, ESE, and at depth
- 284 metres of excavator trenches completed
- 314 outcrop rock chip samples collected
- Multiple high-grade shoots identified along strike
"With the high-grade epithermal gold system evolving to over a 5km strike and remaining open, it is very encouraging that low-cost surface work and trenching is proving to be a valuable tool in identifying new high-grade gold zones to be tested at depth," said Andrew Buxton, Managing Director.
The Alice Queen gold project results confirm the company's systematic approach to exploring this extensive system is delivering consistent high-grade intercepts across multiple prospects.
Understanding Low-Sulphidation Epithermal Gold Systems
What is LSE Gold Mineralisation?
Low-sulphidation epithermal (LSE) gold deposits form in relatively shallow crustal environments where hot, gold-bearing fluids precipitate minerals in fractures and veins. These systems develop when heated groundwater carries dissolved gold through rock fractures.
Subsequently, the precious metal deposits as the fluids cool and pressure drops. The distinctive characteristics make these systems particularly attractive for exploration and development.
Key Characteristics
LSE systems exhibit several important features that make them attractive exploration targets:
- High-grade gold concentrations in quartz veins
- Excellent depth continuity potential
- Multiple parallel vein structures
- Distinctive geochemical signatures (Au-Ag-As-Sb pathfinders)
Why LSE Systems Matter to Investors
LSE deposits often host some of the world's highest-grade gold mines, including nearby examples in Fiji such as the Tuvatu Gold Mine. The shallow formation depth means these systems can extend hundreds of metres below surface, offering excellent exploration and mining potential.
Additionally, the distinctive geochemical signature helps explorers target the most prospective areas efficiently. This approach reduces exploration costs whilst maximising discovery potential, making the Alice Queen gold project results particularly encouraging.
Depth Extension Confirmed Through Previous Drilling
Alice Queen's previous drilling programme has already demonstrated that high-grade gold extends to significant depth. Furthermore, exceptional intersections from the first two drill holes provide strong confidence in the system's three-dimensional continuity.
Confirmed Depth Results
The depth drilling programme has delivered exceptional results that validate the surface discoveries:
- 25VDD002: up to 26.4 g/t Au
- 24VDD001: up to 17.6 g/t Au
- Depth continuity: confirmed to 175 metres below surface
The consistency between surface trench results and depth drilling provides strong confidence in the system's three-dimensional continuity. Moreover, the similar gold-to-silver ratios (>1:1) and multielement signatures (Pb-As) between surface and depth samples confirm they represent the same mineralising system.
This correlation validates the geological model and exploration strategy, reinforcing confidence in the Alice Queen gold project results.
Strategic Exploration Programme Targeting Multiple Prospects
Alice Queen has outlined a comprehensive forward exploration strategy designed to systematically test the 5-kilometre strike length. The objective focuses on identifying dilation zones that would host multiple high-grade gold ore shoots along the extensive strike.
Planned Activities
The systematic approach includes the following key components:
- Geological mapping across the full strike extent
- Ground magnetics and CSAMT surveys to define structural controls
- Continued surface geochemical sampling (trenching, soils, rock chips)
- Priority drill testing of Tabua's Camp and Dakuniba East prospects
Priority Target Areas
| Prospect | Status | Key Features |
|---|---|---|
| Tabua's Camp | Ready for drilling | High-grade surface results, 40m strike continuity |
| Dakuniba East | Exploration target | Stream sediment Au-Ag-Sb-Ba-Pb anomaly |
| Western Extensions | Early-stage | Pronounced pathfinder geochemistry |
The Western Extensions area shows particularly promising stream sediment anomalies with the Au-Ag-Sb-Ba-Pb signature. This geochemical pathfinder signature correlates directly with high-grade mineralisation identified in drilling and trenching.
Consequently, this signature is associated with the high-grade gold mineralisation noted in drill core and surface sampling programmes, further validating the Alice Queen gold project results.
Exceptional Location in Proven Gold Province
Viani sits within Fiji's established gold province on Vanua Levu island, surrounded by significant gold operations and discoveries. The project area is located within the Natewa Volcanics, which host multiple epithermal gold systems across the island.
This geological setting provides strong precedent for significant discoveries, particularly when considering the Alice Queen gold project results in this proven context.
Regional Context
The regional geological environment demonstrates the area's exceptional potential:
- Tuvatu Gold Mine (Lion One Metals, ASX:LLO) – Active high-grade producer
- Vatukoula Gold Mine – Historic major producer
- Namosi Project (Newcrest/Newmont) – Large porphyry copper-gold system
- Mount Kasi – Historic epithermal mine (265,000t @ 7g/t Au)
This proven geological terrain provides strong precedent for significant gold discoveries, with the Natewa Volcanics demonstrating the region's capacity to host world-class epithermal gold deposits. The geological setting comprises extensive arc-related lavas and volcanics, creating ideal conditions for epithermal gold formation.
Why Investors Should Follow Alice Queen
Alice Queen has positioned itself at the forefront of a potentially major gold discovery in one of the Pacific's most prospective gold regions. The Alice Queen gold project results consistently demonstrate exceptional grades across multiple prospects.
Furthermore, systematic exploration continues expanding the known system, creating multiple value catalysts for investors to monitor.
Investment Highlights
The compelling investment case rests on several key factors:
✓ Exceptional Grade Continuity: Surface results consistently exceeding 10+ g/t Au across multiple prospects
✓ Massive Scale Potential: 5km strike length with three-directional expansion opportunity
✓ Proven Depth Extension: High-grade mineralisation confirmed to 175m depth
✓ Experienced Technical Team: Led by Patrick Creenaune (40+ years experience, former Newcrest Head of Project Generation)
✓ Strategic Location: Established mining jurisdiction with excellent infrastructure
✓ Clear Value Catalysts: Multiple drill programmes planned across priority targets
Upcoming Catalysts Timeline
The forward exploration programme provides clear milestones for investors to track:
- Q2 2026: Ground geophysics and mapping programme
- Q3 2026: Priority drilling at Tabua's Camp prospect
- Q4 2026: Follow-up drilling based on results
The Alice Queen gold project results continue to validate the geological model whilst expanding the known mineralisation footprint. With high-grade gold identified in brecciated, silicified quartz over 40 metres in outcrop and additional trenches demonstrating continuity over 250 metres, the project presents compelling exploration potential.
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Forward Exploration Strategy
The company's forward exploration programme targets the identification of dilation zones that could host multiple high-grade gold ore shoots along the 5km strike. The relatively limited surface geochemical sampling has highlighted two untested areas for priority drill testing.
These priority targets include Tabua's Camp area and Dakuniba East, both showing exceptional potential for high-grade gold discovery.
Comprehensive Exploration Approach
A programme of geological mapping, ground magnetics, CSAMT and continued surface geochemical sampling is being planned over the 5km long geochemical footprint. Previous stream sediment data from the Western Extensions area shows a pronounced Au-Ag-Sb-Ba-Pb anomaly.
This anomaly represents the geochemical pathfinder signature associated with high-grade gold mineralisation, providing additional confidence in the Alice Queen gold project results.
Alice Queen has identified what appears to be a genuine large-scale epithermal gold discovery with exceptional grades, massive strike potential, and confirmed depth continuity. With systematic exploration planned across a 5km strike length and multiple high-priority drilling targets identified, the Alice Queen gold project results position the company as a compelling exploration story in a proven gold province.
The combination of outstanding surface grades, proven depth continuity, and systematic exploration of a 5-kilometre system positions Alice Queen as a compelling exploration story. With experienced management executing a methodical exploration strategy, the company appears well-positioned to advance what Managing Director Andrew Buxton describes as "a genuine new gold discovery of significant potential scale."
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