Announcement Date: 2022-03-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Monger Gold Ltd.
Project name: Mt Monger North
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7m @ 1.92g/t Au from 52m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Monger Gold Limited (ASX: MMG) (“MMG” or the “Company”) is pleased to announce the success of one recent RC drill hole that tested the Hoffmann North prospect. This drill hole is 200m NW of the Hoffmann Prospect and structures in the area are interpreted to strike in a NW direction which is antithetic to the Hoffmann Prospect that strikes NE. Commenting on the drilling campaign, Monger Gold’s Chairman Mr Peretz Schapiro said “The discovery of the Hoffman North prospect, continues to bolster our portfolio of prospective targets across our tenements. The drill results for this new area illustrate the potential for generating new prospects with significant gold mineralisation at Monger North. This first RC drill hole into the Hoffmann North Prospect requires more drilling to test the quartz vein gold in fresh rock where depletion of has not occurred. In addition to following up the Hoffman North Prospect we are also looking forward to drilling some diamond holes at the Providence prospect as we seek to gain a greater structural understanding of the exceptionally high-grade gold system that appears to be present.
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