- Manhattan Corporation (MHC) completes the initial phase of a structural study of the New Bendigo Target at the Tibooburra gold project in NSW
- This study identified intersections may exert a plunge control on the gold mineralisation and the lower-grade material may be related to bleeding/remobilisation of the higher-grade mineralisation
- MHC plans to undertake 1500 metres of reverse circulation (RC) drilling at New Bendigo to define further high-grade mineralisation that has been previously intersected
- Additionally, MHC has received consent from the NSW National Parks and Wildlife Service to undertake exploration at the Clone Prospect
- MHC is up 14.3 per cent with shares trading at 0.8 cents at 1:50 pm AEST
Manhattan Corporation (MHC) has completed the initial phase of a structural study of the New Bendigo target at the Tibooburra gold project in NSW.
This study identified intersections may exert a plunge control on the gold mineralisation – potentially promoting the formation of high-grade shoots – and the lower-grade material may be related to bleeding/remobilisation of the higher-grade mineralisation.
Further, the mapping identified a strong north-northwest-trending penetrative fabric with multiple quartz veins.
Multiple steeply-dipping, cross-cutting quartz-rich veins were also mapped and observed.
A 3D model was created to assess the relationship between the structural features and existing drilling coverage close to the New Bendigo workings.
Dr John Beeson from Geoscience Now and Peter Croft from Brockman Solutions supervised the work which included field mapping, a review of recently acquired diamond core, and the interpretation of selected holes.
MHC plans to undertake 1500 metres of reverse circulation (RC) drilling at New Bendigo to define further high-grade mineralisation that has been previously intersected.
Additionally, MHC has received consent from the NSW National Parks and Wildlife Service to undertake exploration at the Clone prospect.
The company is in the final stage of securing access to Clone and plans to undertake initial RC drilling following a structural review.
MHC was up 14.3 per cent on the market with shares trading at 0.8 cents at 1:50 pm AEST.