- Metal Hawk (MHK) discovers high grade gold at its Commodore prospect within the Berehaven project in the West Australian goldfields
- Assay results from one of four diamond drill holes has returned 5.2 metres at 7.2 grams of gold per tonne
- While the remaining assays are pending, Metal Hawk’s Managing Director Will Belbin says similar zones of quartz-sulphide veining have been observed in the other three holes
- Following receipt of the results, MHK plans to undertake follow up drilling to assess the extent and continuity of the mineralisation
- Company shares have been trading 9.26 per cent higher at 29.5 cents at 11:17am AEDT
Metal Hawk (MHK) has made a high-grade gold discovery at its Commodore prospect within the Berehaven project in the West Australian goldfields.
Following a high-grade massive nickel sulphide discovery in September last year, the company completed follow up diamond drilling in November.
Of the four drillholes completed, sampling of the last five metres in one hole revealed a zone of high-grade gold mineralisation that has assayed 5.2 metres at 7.2 grams of gold per tonne (g/t) from 244.4 metres down hole.
Assay results are pending for the remaining holes, however Metal Hawk’s Managing Director Will Belbin said similar zones of quartz-sulphide veining were observed in the other three diamond holes.
“It is remarkable that we have intersected significant nickel sulphide and gold mineralisation with our first diamond drillhole at Berehaven,” he said.
“We have similar zones of quartz-sulphide veining in the other three diamond holes drilled and eagerly await assays for these samples before finalising plans for follow-up diamond drilling.”
Follow-up drilling will assess the extent and continuity of the gold mineralisation, which will include the extension of all relevant holes to determine the total thickness of the initial gold intercept.
Metal Hawk is also continuing nickel sulphide exploration at Berehaven with a 10,000-metre aircore drilling program nearing completion and an extensive moving loop ground electromagnetic survey in progress across the broader Berehaven Project.
Company shares were trading 9.26 per cent higher at 29.5 cents at 11:17 am AEDT.