- Manhattan Corporation (MHC) is continuing to intersect high-grade gold mineralisation at the Tibooburra Gold Project in northwest NSW
- A total of 14 reverse circulation holes and one diamond precollar were drilled at the New Bendigo Main Zone to target additional mineralisation and the north-plunging shoots
- The drilling has continued to successfully intersect significant shallow gold mineralisation with grades peaking at 10.3g/t gold
- Manhattan expects to continue RC drilling until mid-2022 after which it will undertake a diamond drilling program
- Shares in Manhattan are up 7.14 per cent on the market and are trading at 1.5 cents
Manhattan Corporation (MHC) is continuing to intersect high-grade gold mineralisation at the Tibooburra Gold Project in northwest NSW.
The 2200-square-kilometre Tibooburra Project covers a roughly 220-kilometre strike of significantly underexplored gold mineralisation.
A total of 14 reverse circulation (RC) holes and one diamond precollar were drilled, for a total of 1795 metres, at the New Bendigo Main Zone to target additional mineralisation and the north-plunging shoots along the zone.
The drilling has continued to successfully intersect significant shallow gold mineralisation often from or near surface.
Significant results so far include 63 metres at 1.33 grams of gold per tonne (g/t) from 24 metres including nine metres at 7.22g/t gold from 56 metres and one metre at 10.3g/t gold from 76 metres.
Manhattan expects to continue RC drilling until mid-2022 after which it will undertake a diamond drilling program.
The company will continue to test the extents of the Main Zone mineralised system which has the potential to host a significant shallow, high-grade gold resource.
Shares in Manhattan were up 7.14 per cent on the market and were trading at 1.5 cents at 11:16 am AEDT.