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Mantle Mining Corp. Ltd.
Summary
| Project: | Morning Star | |
|---|---|---|
| Deposit: | Stacpoole | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-8-2017: Mantle Mining Corp. Ltd. announces an Exploration/Drilling Update report for its Stacpoole deposit at the Morning Star project. Drilling results incl. 2.2m @ 1.85g/t Au from 19.55m. Mantle Mining Corporation Limited (ASX: MNM) (‘Mantle’ or ‘the | |
| 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. As outlined in ASX release 1 June 2017, an underground drill program was commenced in the Stacpoole zone on the northern limits of the Morning Star adit, testing the new geological model unknown to previous operators – designed by Mantle’s new technical team led by Dr Rick Valenta and executed by Mantle’s new CEO, Mr Tom de Vries. The objective was to confirm the location and potential size/thickness of the Stacpoole zone between two areas of previous drilling, to identify a sizable block amenable for bulk sampling and trial mining. The reef has been intersected in all drill holes with quartz vein thicknesses between 200 mm and 700mm, broadly in line with expectations. A total of 373.6 metres was drilled on 9 locations, with the deepest hole being 33 metres. Significant findings from the drill program were: 1. Gold‐bearing structure confirmed: There is a significant dyke offset that overhangs the Stacpoole zone. The significance of this is that historically the highest and most consistent gold grades at the Morning Star mine are found in the position where metasediments underlie an offset of the dyke (‘dyke overhangs sediment’), with a narrow, but high grade gold reef between the two rock types. The Stacpoole reef has been confirmed to have this offset geometry in three diamond drill holes drilled further east. Refer to Figure 1 and Table 1. | |
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