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Metal Bank Ltd.
Summary
| Project: | Triumph | |
|---|---|---|
| Deposit: | Big Hans | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 1/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-1-2018: Metal Bank Ltd. announces an Exploration/Drilling Update report for its Big Hans deposit at the Triumph project. Drilling results incl. 2m @ 6.4g/t Au, 22g/t Ag from 33m. Metal Bank Limited (ASX: MBK) (Metal Bank, MBK or the Company), is please | |
| 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 of the results from nine reverse circulation (RC) drill holes for a total of 692m from the Big Hans prospect, Triumph project in southeast Queensland, Australia. Results define two main parallel high-grade Au-Ag structures which each extend over greater than 300m and remain open along strike (Refer Figures 1 and 2). These veins show excellent continuity and now provide compelling support for a larger Au-Ag corridor defined over >1.5km by >400m and largely concealed by shallow cover sediments encompassing both the Big Hans and Super Hans prospects. This builds on previous drilling results by MBK which returned 18m @ 4.0g/t Au, 15g/t Ag from surface1 on the northern of the two structures at Big Hans. Additional drilling is planned to investigate structural / geophysical targets based on the identification of these new high-grade structures which are immediately along strike from Big Hans. These areas have the potential to significantly increase the scale of near-surface highgrade Au-Ag mineralisation identified to date. regional mineralised corridor, with drilling planned in early February. The geological relationship between Big Hans, Super Hans and the structural targets which links the two provides a strong indication for the existence of a large gold zone in this area.” Tony Schreck, Managing Director of Metal Bank said: “We are very encouraged by these results which expand the footprint of high-grade mineralisation and escalate priority targets immediately along strike within the 1.5km. | |
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