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- Mandrake Resources (MAN) reports “high-grade” gold and copper results from drilling at its Berinka Pine Creek gold and copper project in the Northern Territory
- One hole drilled at the Terry’s Gap prospect intercepted four metres at 3.2 g/t gold and 0.32 per cent copper and intersected zones of strong alteration and veining
- Mandrake says it also identified “strong” nickel and platinum group element (PGE) potential from its drilling work in the project area
- To date, drilling has defined gold mineralisation over more than two kilometres of strike between the Vegetation anomaly and Terry’s Gap prospect, and further drilling is planned
- Shares in Mandrake Resources are up 5.56 per cent to 3.8 cents at 10:31 am AEDT
Mandrake Resources (MAN) has reported “high-grade” gold and copper results from drilling at its Berinka Pine Creek gold and copper project in the Northern Territory.
The company took on the drilling work at the Terry’s Gap prospect to test along strike from mineralisation intersected in previous drilling.
One hole intersected multiple zones of strong alteration and veining. It returned an intercept of eight metres at 1.9 grams per tonne (g/t) gold and 0.32 per cent copper from four metres including, four metres at 3.2 g/t gold and 0.32 per cent copper.
To date, drilling has defined gold mineralisation over more than two kilometres of strike between the Vegetation anomaly and Terry’s Gap prospect.
Once the company receives all results, they’ll be used to design a follow-up exploration program to better define gold mineralisation along Terry’s trend.
In addition, Mandrake Resources identified “broad zones” of platinum and palladium anomalism in two holes drilled within the Sandy Creek gabbro at the Vegetation anomaly.
The holes returned up to 71 parts per billion (ppb) platinum and palladium in a four-metre composite sample within 32 metres at 43 ppb platinum and palladium.
The company said the anomalous interval of gabbro was associated with “distinctly elevated” magnesium-nickel geochemistry, increasing the potential prospectivity of the mafic body.
Mandrake is waiting on further individual metre assay results before it designs a program to assess the nickel and platinum group element potential of the Sandy Creek Complex.
Shares in Mandrake Resources were up 5.56 per cent to 3.8 cents at 10:31 am AEDT.
