I think that is MBK's aim to size up a shallow resource first while pursuing the possibility of deep bulk tonnage. There was only one deep hole in this round of drilling and I think 8 shallow.
METAL BANK (MBK) 3.8c
Already a ten-bagger for some active clients able to take part in the 0.004c SPP and buying on market 0.005c-0.006c. Drilling at the Triumph Gold Project in Nth Queensland has identified high-grade gold at New Constitution and Bald Hill. MBK are looking for an IRGS and are working on building shallow high-grade resources whilst searching for the source or “mother lode”. MBK will need to raise money and/or look to JV
Triumph, however once a capital raising is completed, I would expect a major drilling campaign to commence. As per recent reports the top 20 hold around 80% of the issued capital.
Short-term target: 2.9c-3.3c Medium-term target: 6c-7c Long-term target: 11c-13c
