Highlights
- Share Price Surge: Mantle Minerals shares jumped by 50% after announcing promising results from its first reverse circulation drilling program.
- Drilling Results: Best intersections include 5m @ 1.1g/t Au at Roberts Hill and 32m @ 0.16g/t Au at Mount Berghaus.
- Future Implications: The results suggest a broad gold halo in Hemi-style igneous lithologies, opening up potential for commercial-grade gold mineralization.
Mantle Minerals Limited (ASX:MTL) saw its shares soar by 50% following the release of highly encouraging results from its first reverse circulation (RC) drilling program at its Roberts Hill (E47/3846) and Mount Berghaus (E45/5899) gold exploration projects in the Pilbara region.
Drilling Results
- At Roberts Hill, hole MMRC02 returned an intersection of 5m @ 1.1g/t Au from 35m to 40m.
- At Mount Berghaus, hole MMRC01 reported a wider intersection of 32m @ 0.16g/t Au from 123m to 154m.
These results mark a significant milestone for the company’s exploration efforts, providing promising evidence of a broad gold halo associated with deeper-seated fresh rock gold mineralization.
Future Exploration Potential
The results are especially notable as they confirm previous gold hits found through earlier shallow aircore drilling, and the newly discovered deeper mineralization at Mount Berghaus aligns with Hemi-style igneous lithologies, which are known for hosting large, potentially commercial-grade gold deposits.