The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Mantle Minerals (MTL) restarts gold exploration at the Roberts Hill zone within its Mallina gold project in Western Australia
  • The company says a geochemical review of aircore drilling carried out in 2021 suggests it intersected ‘Hemi-style’ mineralisation at Robert Hill
  • A follow-up soil sampling survey is being conducted to offer a proof of concept and confirm the scalability of exploration
  • The company expects results from the surveying, due in May, to highlight potential mineralisation and define targets to be drilled later in the year
  • Shares in MTL are trading at 0.2 cents at 11:46 am AEDT

Mantle Minerals (MTL) has restarted gold exploration at the Roberts Hill zone within its Mallina project in Western Australia.

Following a geochemical review of aircore drilling carried out in 2021, the company confirmed it intersected ‘Hemi-style’ mineralisation at Roberts Hill.

The company said it would now complete follow-up exploration activities in the area, including a soil geochemical survey to uncover the best ways to define drilling targets across the tenement.

Mantle will collect more than 750 soil samples from two separate areas on a
100-metre-by-100-metre grid spacing to uncover possible soil anomalies above mineralisation.

It said it would also incorporate geophysics, regional structural geology and detailed studies of previous drilling to help identify targets.

Mantle Minerals Executive Chairman Nick Poll said the surveying could help shape broader exploration efforts in the future.

“If it [the soil geochemical survey] works, then we can scale the method up and explore larger areas,” Mr Poll said.

“This is important because we know that gold deposits in this area can be difficult to find with shallow drilling, so if we’re going to persevere and drill deep, then it better be in the right place.”

Results from the survey are expected during May 2023, with potential drilling to be carried out later in the year.

The Mallina project is located directly north of De Grey Mining’s (DEG) 10.6 million ounce Hemi gold project.

Shares in MTL were trading at 0.2 cents at 11:46 am AEDT.

mtl by the numbers
More From The Market Online

West Coast Silver identifies mineralisation in Elizabeth Hill scout drilling

West Coast Silver has identified mineralisation from surface and immediately to the north of the historical…
IPO Initial Private Offering Stock Market Ticker Building 3d Illustration

Meet the neighbours: Two new oil & gas companies launch on the ASX this week

Despite a quiet start to the year for the IPO market – despite the ASX softening listing rules in the second half of
The Market Online Video

The ASX Today: Finbro sci-fi story helps fuel AI scare trade in US; gold settles slightly, while VIX flat WoW

Greetings and welcome to HotCopper’s the ASX Today for Tuesday of Week 9, I’m Jon Davidson.

Alicanto to commence drilling at Mt Henry gold project, days after acquisition

Alicanto Minerals is fast-tracking exploration at its newly acquired Mt Henry gold project in Western Australia.