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Metal Bank Ltd.
Summary
| Project: | 8 Mile | |
|---|---|---|
| Deposit: | Flori’s Find, Perry | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-11-2019: Metal Bank Ltd. announces an Exploration/Drilling Update report for its Flori’s Find, Perry deposit at the 8 Mile project. Drilling results incl. 16m @ 1.9g/t Au from 69m. 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 a reverse circulation (RC) drilling and diamond (DD) drilling programme designed to investigate the geometry of near surface gold mineralisation intersected in recent drilling1 and investigate initial targets interpreted in the IP geophysical data. Ten holes were completed for 1097m RC with two holes extended as diamond drill tails for 237.7m. Nine holes were completed at Perry prospect and one hole was completed at Flori’s Find prospect (refer Figure 2). At both Flori’s Find and Perry prospects the gold mineralisation is closely associated with high-level strongly altered (silica-sericite) felsic intrusive rocks with many similarities to the nearby Mt Rawdon gold mine (2Moz). Anomalous levels of arsenic associated with the gold mineralisation at the Perry prospect are typical of the outer halo style mineralisation in intrusion related gold systems and support potential for better gold grades deeper to the west and south of the current drilling where the mineralised intrusive is interpreted to extend. | |
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