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Metal Bank Ltd.
Summary
| Project: | Triumph | |
|---|---|---|
| Deposit: | Advance | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2018: Metal Bank Ltd. announces an Exploration/Drilling Update report for its Advance deposit at the Triumph project. Drillling results incl. 1m @ 45.5g/t Au, 12g/t Ag, 0.1% Pb, 0.1% Zn from 28m. Tony Schreck, Managing Director of Metal Bank said: “Th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Trevor Wright (Internal) | |
| ABSTRACT: | Tony Schreck, Managing Director of Metal Bank said: “These Advance drilling results represent a significant development on the project. We now have five prospects with near-surface high-grade gold and are working on an internal review of the results towards a JORC Resource in support of a multiple open pit scenario on the Triumph Project. This review includes geology, metallurgy and engineering.”. Metal Bank Limited (ASX: MBK) (‘Metal Bank’, ‘MBK’ or the ‘Company’) is pleased to provide the following drilling update on results received for the remaining 33 reverse circulation (RC) drill holes completed as part of a 43 RC hole programme for 1,638m (average hole depth 38m) on the Advance prospect, Triumph project in southeast Queensland, Australia. This shallow drill programme intersected multiple underground stopes/workings and the strike extensions associated with five high-grade gold mines over an area of 400m x 400m. The mines operated in the 1890’s producing approximately 4,000oz Au at an average grade of 90g/t Au, with underground mining reported to a maximum depth of 120m below surface. | |
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