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Mantle Mining Corp. Ltd.
Summary
| Project: | Morning Star | |
|---|---|---|
| Deposit: | Kenny's Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-5-2017: Mantle Mining Corp. Ltd. announces an Exploration/Drilling Update report for its Kenny's Zone deposit at the Morning Star project. Reassays of historic drill cores - results incl. 0.15m @ 17608g/t Au from 18.35m. Mantle Mining Corporation Limit | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Valenta (Internal) | |
| ABSTRACT: | Mantle Mining Corporation Limited (ASX: MNM) (‘Mantle’ or ‘the Company’) provides the following update on its strategy to develop the high grade Morning Star and Rose of Denmark gold mines in eastern Victoria. The Kenny’s zone is located at the northern end of the Whitelaw reef, which was one of the best high grade producing zones in the Morning Star mine. Kenny’s zone is characterised by multiple narrow zones of high grade veining, which together define a zone of approximately 150m by 50m in extent. Of the 77 drillhole pierce points in the area of the Kenny’s zone, 21 have intercepts of greater than 10g/t Au. The average gram-metre product for the zone is 44.0 (being the product of multiplying the gold grade (g/t) by the length of the gold reef intersection (m), expressed in gram-metres), though it should be noted that this figure is influenced by the presence of a number of very high grade intercepts. This influence is to be expected in such a nuggetty high-grade gold environment such as at Morning Star. “The abundance of high grade intercepts in the Kenny’s zone gives us further encouragement for the mining potential of this zone” said Tom de Vries, CEO of Mantle Mining. “It is also encouraging that this zone is already accessible from existing underground development”. | |
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