- Metal Bank (MBK) intersects broad zones of gold mineralisation at the Kingsley West target within its Livingstone gold project in WA
- Six holes were drilled at Kingsley West to test the potential 250-metre strike extension to the existing Kingsley resource
- The company has received results for three holes with up to 3.81 g/t intersected and as two ended in mineralisation, follow-up drilling will be undertaken to determine the depth
- Assays for the remaining three holes are pending and are expected over the coming weeks
- Metal Bank is up 12.5 per cent on the market with shares trading at 0.5 cents at 2:30 pm AEST
Metal Bank (MBK) has intersected broad zones of gold mineralisation at the Kingsley West target within its Livingstone gold project in WA.
Six holes were drilled at Kingsley West to test the potential 250-metre strike extension to the existing Kingsley resource.
The company received results for holes KW22RC001, 002 and 003, with all returning broad zones of gold mineralisation.
Results include 16 metres at 1.27 grams per tonne (g/t) gold from 44 metres including six metres at 2.01 g/t gold, and 12 metres at 1.62 g/t gold from 48 metres including three metres at 3.81 g/t gold.
As holes KW22RC001 and 002 ended in mineralisation, follow-up drilling will be undertaken to determine the true depth extent.
Assays for the remaining three holes are pending and are expected over the coming weeks.
“Our continued drilling success highlights our potential to make further discoveries and grow our resources. The Livingstone Project, including the Kingsley Resource, is within a world-class gold area and this project is starting to look like it matches its nearby peers,” Chair Inés Scotland said.
“Our small and focussed team are also busy with Millennium drilling (copper and cobalt) underway in Queensland.”
Metal Bank was up 12.5 per cent on the market with shares trading at 0.5 cents at 2:30 pm AEST.