- Manhattan Corporation (MHC) receives initial results from the recently completed reverse circulation (RC) drilling program at the Tibooburra gold project in NSW
- Drilling resumed at the Main Zone within the New Bendigo prospect on March 12 with 17 RC holes drilled to test the size and extent of the mineralised system
- Results have been received for two holes with up to 18.01 grams per tonne (g/t) gold intersected
- Diamond drilling has begun at the Main Zone with a focus on evaluating higher grade mineralisation at depth where minimal drilling has been completed
- Shares in MHC are up 10 per cent and are trading at 1.1 cents at 11:41 am AEST
Manhattan Corporation (MHC) has received initial results from the recently completed reverse circulation (RC) drilling program at the Tibooburra gold project in NSW.
Drilling resumed at the Main Zone within the New Bendigo prospect on March 12 with 17 RC holes drilled to test the size and extent of the mineralised system.
Results have been received for two holes with results including seven metres at 13.1 grams per tonne (g/t) gold from 97 metres including five metres at 18.01 g/t gold from 97 metres, and one metre at 11.1 g/t gold from nine metres.
Additionally, the RC drilling program was expanded to test the New Bendigo South, Silverton, Pioneer-Phoenix and Jefferey’s Flat targets.
The New Bendigo South target lies 600 metres along strike of the Main Zone where previous drilling hit 1.14 g/t gold and intersected a potentially new zone of gold mineralisation.
Silverton lies 1.5 kilometres south of the Main Zone with previous drilling intersecting 0.5 g/t gold while drilling at Pioneer-Phoenix intersected 14.72 g/t gold.
Diamond drilling has begun at the Main Zone with a focus on evaluating the higher grade mineralisation at depth.
Drilling will target mineralisation below a 150 metre depth where minimal drilling has been completed to date.
Shares in MHC were up 10 per cent on the market and were trading at 1.1 cents at 11:41 am AEST.