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Metal Bank Ltd.
Summary
| Project: | Triumph | |
|---|---|---|
| Deposit: | New Constitution | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2018: Metal Bank Ltd. announces an Exploration/Drilling Update report for its New Constitution deposit at the Triumph project. Drilling results incl. 4m @ 13.2g/t Au from 87m. Metal Bank Limited (ASX: MBK) (Metal Bank, MBK or the Company), is pleased | |
| 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 1142m from the New Constitution prospect, Triumph Project in southeast Queensland, Australia. Drilling has continued to define additional near surface high-grade Au-Ag mineralisation within a 200m long x 70m section of the >1.5km target mineralised zones at New Constitution. These new results highlight a broad vein network of high-grade mineralised structures (multiple subparallel and crosscutting veins) not previously recognised, significantly contributing to the potential resource upside. Additional drilling is planned to expand and infill along the ‘discovery trend’ and investigate the ‘western trend’. New Constitution is one of five prospects (including Big Hans, Super Hans, Bald Hill and Advance) targeted for inclusion in a near surface high-grade Au-Ag JORC resource across the Triumph project. Tony Schreck, Managing Director of Metal Bank said: “The results from New Constitution support our near-term strategy to define an initial near surface high-grade gold JORC resource in support of a multiple shallow open pit mining scenario. In addition to infill drilling, excellent potential exists to define further extensions to the mineralized zone.” | |
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