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Metal Bank Ltd.
Summary
| Project: | Triumph | |
|---|---|---|
| Deposit: | New Constitution | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-6-2016: Metal Bank Ltd. announces an Exploration/Drilling Update report for its New Constitution deposit at the Triumph project. Drilling results incl. 18m @ 2.0g/t Au, 8g/t Ag from 0m. Metal Bank Limited (ASX: MBK) (MBK or the Company) is pleased to p | |
| 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 shallow RC drill programme on the Triumph project, eastern Australia. A total of 12 shallow RC holes (149m) were completed at the New Constitution prospect located approximately 1.5km south-west of the Bald Hill prospect where significant high gold grades were intersected in recent drilling1 . At New Constitution, multiple near surface gold-silver mineralised zones have been identified through this first phase of shallow RC drilling which targeted Au-Ag-Bi-As soil and rock chip anomalies not previously drill tested. Collectively, the multiple zones indicate over 3km of strike potential, the majority of which is concealed by shallow cover. Significantly, the geological setting and geochemical signature of the New Constitution prospect is strikingly similar to the high grade Bald Hill prospect. MBK has invested in a significant greenfields exploration programme on the Triumph project over the past 5 years resulting in the definition of an extensive gold camp / system predominantly concealed by shallow cover. New Constitution and Bald Hill prospects represent just two of the current 10 high priority underexplored prospects within the Triumph gold camp, with the other eight prospects yet to be drill tested. | |
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