Queensland Gold Hills Corp. will commence trading on the TSX Venture Exchange under the ticker symbol (TSX.V: OZAU) today, December 6, 2021. The company recently completed an oversubscribed private placement of CAD 2.145 million. Queensland Gold Hills aims to test historic 19th-century mines using modern exploration methods in Queensland, Australia, in the so-called Big Hill area.
Queensland Gold Hills owns an 80% interest in Big Hill Gold Mining Company Pty Ltd, which owns the Big Hill Gold Project (EPM 18255). The Big Hill Gold Project comprises the historic Big Hill, Queenslander, Monte Cristo and Sultan & Taylor mines in the Talgai Goldfields. Big Hills is one of eight historic goldfields in the broader Warwick Texas district that were active in the late 19th century.
The Queenslander mine in particular has attracted the interest of geologists. Total production of 4,100 ounces of gold at an average grade of 50 g/t has been documented from the project, with some early trenching reported at up to 4000 g/t. The Queenslander Mine is believed to be the first gold mine in the state of Queensland.
Blair Way, Chief Executive Officer, said, "We are looking forward to advancing the Big Hill gold project in one of Queensland's first historic gold districts. It's exciting to follow in the footsteps of the old gold miners and apply modern exploration techniques to find the source of their deposits."
More information is available on the company's new website: https://queenslandgoldhills.com
Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on http://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they are in no way a substitute for individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between the GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
In accordance with §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH held or hold shares of Queensland Gold Hills Corp. and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Furthermore, a contractual relationship exists between Queensland Gold Hills Corp. and GOLDINVEST Consulting GmbH, which includes that GOLDINVEST Consulting GmbH reports on Queensland Gold Hills Corp. This is another clear conflict of interest.