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Metal Bank Ltd.
Summary
| Project: | Triumph | |
|---|---|---|
| Deposit: | Bald Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-6-2016: Metal Bank Ltd. announces an Exploration/Drilling Update report for its Bald Hill deposit at the Triumph project. Drilling results incl. 15m @ 10.3g/t Au, 76g/t Ag, 0.5% Cu from 9m. Metal Bank Limited (ASX: MBK) (MBK or the Company) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tony Schreck (Internal) | |
| ABSTRACT: | Metal Bank Limited (ASX: MBK) (MBK or the Company) is pleased to provide the following update on the recently completed RC drill programme on the Bald Hill prospect, Triumph project, eastern Australia. Results from a shallow RC programme (9 holes for 181m) now define an extensive near surface gold mineralised system at Bald Hill with potential for high grade gold including significant Ag and Cu mineralisation credits. Mineralisation remains open and the western extension of the mineralisation is interpreted to be faulted a short distance (approximately 50m) to the north. The drill programme targeted outcropping Au-Ag-Bi-As mineralisation (soil and rock chip geochemistry) as well as began to test the interpreted western extension of the mineralisation beneath shallow alluvial cover, where shallow bonanza gold grades were intersected in drill hole TDH039. Inés Scotland, Chair of MBK said: “High grade results like these underpin the confidence we have in the Triumph gold camp and particularly the Bald Hill prospect. These are still very early days in what we believe will be a very rich and rewarding new gold camp.” | |
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