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- Manhattan Corporation (MHC) will soon commence a 2500-metre reverse circulation drilling program at the New Bendigo prospect
- New Bendigo lies within the Tibooburra Gold Project and the Albert Gold Field which historically produced up to 100,000 ounces of gold
- The area has seen limited exploration since 1901, despite high-grade results
- Manhattan will test the down-plunge extensions of high-grade gold shoots and follow up on historical rotary air blast drilling
- Depending on the results, Manhattan may extend drilling beyond 2500 metres
- Company shares remain flat and are trading at 1.1 cents each
Manhattan Corporation (MHC) has announced it will shortly commence a 2500 metre reverse circulation drilling program at the New Bendigo prospect.
The drilling will test the down-plunge extensions of the high-grade gold shoot and historical rotary air blast (RAB) drilling that hasn’t yet been followed up.
Previous drilling at New Bendigo returned highly encouraging gold intersections within a 5 kilometre-long soil anomaly. The anomaly is interpreted to potentially define a series of north-plunging, high-grade gold shoots, which are open down-plunge, to the north and have yet to be closed off.
The prospect is found in historical Albert Gold Field which produced roughly between 50,000 to 100,000 ounces of gold from auriferous quartz vein networks and alluvial channels.
Mining at the Albert Gold Field dates back to 1881 but, despite rich rock-chip gold assays and grades in excess of 20g/t, the area has rarely been tested since the early 1900s.
New Bendigo is located within Manhattan’s Tibooburra Gold Project in New South Wales. The company gained ownership of this project through its acquisition of Awati Resources in December last year.
The Tibooburra Gold Project covers a 1020 square kilometre area and includes 10 granted exploration licences located roughly 200 kilometres north of Broken Hill.
It stretches 160 kilometres south from the historic Tibooburra Goldfields to where it merges with the Koonenberry Fault, and then strikes further south on towards the recently discovered Kayrunnera gold nugget field.
Drilling is expected to start within the next week and, depending on the results, the company may extend the program beyond the planned 2500 metres.
Company shares remain flat and are trading at 1.1 cents each at 10:09 am AEST.
