- Manhattan Corporation (MHC) says a drilling rig and technical crew are mobilising to site this week to resume drilling at its Tibooburra gold project in New South Wales
- The company says the reverse circulation (RC) drilling program has been expanded from 5,000 to 10,000 metres and will target multiple prospects at Tibooburra
- The previous RC program in November tested shallow mineralisation and targeted plunging shoots at the New Bendigo prospect
- Following the new RC drilling program, the company plans to complete diamond drilling to aid in the planning and targeting of deeper mineralisation down plunge of the gold system
- MHC shares last traded at 1.3 cents
Manhattan Corporation (MHC) has mobilised a drilling rig and technical crew to site to recommence drilling next week at its flagship Tibooburra gold project north of Broken Hill in New South Wales.
The latest reverse circulation (RC) drilling program has been expanded from 5,000 metres to 10,000 metres and will probe several prospects at Tibooburra.
Multiple drilling campaigns were planned until May, targeting Main Zone, Pioneer, Western Lode, New Southern Zone and Clone, which the company said potentially host significant shallow, high-grade gold mineralisation.
Manhattan’s previous RC program in November last year tested shallow mineralisation and targeted plunging shoots at the New Bendigo prospect.
The stand-out intersections from the New Bendigo drilling were eight metres grading 40.5 grams per tonne gold from 70 metres including three metres at 105.34 g/t and 16 metres at 13.89 g/t from one metre including three metres at 69.20 g/t.
After the new RC drilling at the Tibooburra project, the company said it planned to undertake a diamond drilling program aimed at targeting deeper mineralisation down plunge of high-grade mineralisation.
MHC shares last traded at 1.3 cents on January 18.