| Announcement Date: | 2022-03-28 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Manuka Resources Ltd. |
| Project name: | Wonawinta |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 30m @ 7.62g/t Au from 159m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Manuka Resources Limited (“Manuka” or the “Company”) is pleased to provide results from the recent RC drilling program on the Company’s 100% owned Mt Boppy mining leases. A program across the Mt Boppy MLs comprised 43 RC drill holes for a total depth of 8,771m. The program’s primary target was extensions of existing high gold mineralisation defined by previous drilling beneath the Mt Boppy open pit. Secondary targets across the MLs tested conceptual structural and geophysical targets designed to define high risk – high reward resource gold ounces on the existing Mining Leases. The following intercepts beneath the Mt Boppy pit either intercepted the full width of the Boppy Main Lode in an unmined position, or intercepted the historic underground workings (tailing sand, timber support, rubble) together with wall rock to either side of the workings. Collar locations and drill traces are shown below in Figures 1 – 3. The company has transitioned to silver production at Wonawinta, after the Mt Boppy deposit provided well over 6 months’ more ore and mine life than originally forecast. These new drill results have provided Manuka with a realistic option to stage a second campaign of mining from a deposit that delivered strongly for shareholders. |
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