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Metal Bank Ltd.
Summary
| Project: | Triumph | |
|---|---|---|
| Deposit: | Advance | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 2/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2018: Metal Bank Ltd. announces an Exploration/Drilling Update report for its Advance deposit at the Triumph project. Drilling results incl. 3m @ 25g/t Au, 17g/t Ag, 0.2% Pb, 0.2% Zn from 17m. Metal Bank Limited (ASX: MBK) (Metal Bank, MBK or the Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Trevor Wright (Internal) | |
| ABSTRACT: | Metal Bank Limited (ASX: MBK) (Metal Bank, MBK or the Company), is pleased to provide the following drilling update on initial results received for the first 10 reverse circulation (RC) drill holes of a 22 RC hole programme completed for 691m (ave. hole depth 31m) on the Advance prospect, Triumph project in southeast Queensland, Australia. Significant gold grade mineralisation and multiple stopes have been intersected in the first drilling programme undertaken by the Company at the Advance historical mine camp (refer to Figure 1). The Advance mine camp produced very high-grade gold within multiple structures / reefs and comprised more than seven historical mines. Records indicate an average grade of 90g/t Au (4,000 oz Au) with the highest average grade of 177g/t Au returned from the ‘Who’d a Thought’ mine.1 Tony Schreck, Managing Director of Metal Bank said: “It is a rarity in the Queensland mining community to have tenements with such a high concentration of historical gold workings which have never been drill tested. The Advance prospect is a very exciting addition to our strong portfolio of recent discoveries and enhances our strategy to define a near surface high-grade gold resource on the Triumph project.” Multiple stopes (historical underground workings) up to 4m wide (down hole width) were intersected during this drilling programme with follow-up drilling having commenced to intersect the high-grade gold mineralised structured below the underground mining (circa 1895) | |
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