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Metal Bank Ltd.
Summary
| Project: | 8 Mile | |
|---|---|---|
| Deposit: | Flori’s Find, Perry | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-7-2019: Metal Bank Ltd. announces an Exploration/Drilling Update report for its Flori’s Find, Perry deposit at the 8 Mile project. Drilling results incl. 36m @ 1.2g/t Au from 36m. Metal Bank Limited (ASX: MBK) (‘Metal Bank’, ‘MBK’ or the ‘Company’) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tony Schreck (Internal) | |
| ABSTRACT: | Metal Bank Limited (ASX: MBK) (‘Metal Bank’, ‘MBK’ or the ‘Company’) is pleased to provide the following drilling update from the Eastern Target of the 8 Mile Project in southeast Queensland, Australia (refer Figure 1). Results have been received from an initial reverse circulation (RC) drilling programme designed to investigate and expand on historical drill results2. Ten holes (872m) were completed at Flori’s Find and Perry (refer Figure 3). Broad zones of gold mineralisation have been intersected at both the Flori’s Find and Perry prospects which are located within the same structural corridor more than 2km apart (refer Figure 3). Tony Schreck, Managing Director of Metal Bank commented: “Initial exploration results on the Eastern target area of 8 Mile provide an early indication that a large-scale intrusion related gold system could exist less than 200m below surface and in near proximity to the 2Moz Mt Rawdon gold mine.” “The initial drill program has successfully tested gold mineralisation occurring beneath the >3km long surface gold geochemistry anomalism defined in June 20191, confirming the gold mineralisation is directly related to high-level intrusives or ‘leakage’ zones. IP geophysics data correlates with the gold mineralised zones intersected in drilling, which are directly above bulk tonnage targets.” | |
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