Further Drilling Success Beneath the Mt Boppy pit
Highlights:
•Following on from the exceptional extension drilling announced on 24 August(MBGC0042: 10 m @ 34.48 g/t Au, and MBGC0043: 14 m @ 14.51 g/t Au)this again confirms the existence of exciting grades of ore below the current pit shell.
•Assays from an additional 2 holes from MKR’s surface drill program have been received and a geological interpretation of the results completed.
•Best intercepts from two southernmost holes targeted at down-dip and along strike extensions of previously reported intercepts and adjusted for stope dilution:oHole MBRC016: 10m @ 4.05g/t Au from 158mdownhole depth oHole MBGC017: 18m @ 6.24g/t Au from 166mdownhole depth
•Intercepts are ~10-30m below the current planned pit floor confirming the existence of ore grade mineralisation outside the current pit shell
•3D geological modelling and structural interpretation of the wider Mt Boppy mining camp area has defined areas for shallow drill testing identifying an additional13,500m shallow drill program planned to commence in October to test the prospective Baledmund Formation where it is cross-cut by north-trending structures•Resource in-fill drilling to upgrade the Wonawinta 52moz Ag Inferred Resources continues to plan, with almost 50% of the program now complete
MKR Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
