Mantle Minerals Shares Surge 50% After Positive Gold Drilling Results at Roberts Hill and Mount Berghaus

2 min read | November 25, 2024 01:34 PM AEDT | By Team Kalkine Media

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.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.