Announcement Date: 2022-08-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Metal Bank Ltd.
Project name: Livingstone
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 2m @ 18.15g/t Au from 54m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Metal Bank Limited (ASX: MBK) (‘Metal Bank’, ‘MBK’ or the ‘Company’) is pleased to announce high grade Au assays from recent drilling at the Kingsley East target at its Livingstone gold project in Western Australia (75% MBK). High-grade Au of up to 35.4g/t was intercepted within KE22RC005, located 750m east of the Kingsley Au Resource, highlighting the potential of this system. Significant Au intercepts from KE22RC005 include 4m @ 4.09g/t from 12m, 2m @1.9g/t from 46m and 2m @ 18.15g/t from 54m (including 1m @35.4g/t). Mineralisation extends a known supergene Au zone in upper saprolite and importantly identifies a potential high grade primary source within fresh rock. KE22RC005 is the first result received from drilling within the Eastern Zone earlier this year (Figure 1). Assay results from other drilling at Kingsley East are expected over the coming weeks and will assist with understanding the true strike extent of the Kingsley Mineralised system. In addition, infill drilling at the Kingsley deposit encountered a high-grade Au zone (3m @9.07g/t Au) in hole KL22RC002 within a broader zone of mineralisation of 22m@2.62g/t Au from surface. A second mineralised zone in this hole occurs from 25m depth and extends over 9m, including 2m @ 3.31g/t Au, adding further confidence to the continuity of mineralisation at the Kingsley deposit.
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