| Announcement Date: | 2022-10-18 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Metal Bank Ltd. |
| Project name: | Livingstone |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 3m at 5.72g/t Au from 11m |
| 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 provide an update on exploration at its Livingstone gold project in Western Australia (75% MBK). Assays from the first 13 RC holes at Livingstone North have been received (Figure 1). The holes formed part of the Livingstone Phase 2 drilling program, completed in early September. Results from the remaining holes are expected in the next two to three weeks. These encouraging initial results support both historically reported high grade Au zones and also show mineralisation of substantial strike extent beyond artisanal mine workings. In addition to the RC results, a 700 x 200m Au-in-soil anomaly has been identified from recent work in a zone 2km to the east of Livingstone North, representing a potential extension of the Livingstone North system. Initial results have been received supporting both historically reported high grade gold zones and showing mineralisation of substantial strike extent beyond artisanal mine workings. (Refer to Figures 1 and 2, cross sections in Figures 3-5 and Table 1 below) |
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