Not the news I was expecting today but nonetheless:
Mantle Mining Corporation Limited (ASX: MNM), is pleased to announce that review of historic drilling within the company’s Great Britain 2004 JORC Compliant gold Resource area has highlighted significant, thick gold intersections at shallow depths in 8 drill holes that are not yet included in the Resource Base2 model. A total of 40 historic holes are currently not included in the model.
All 40 holes intersected gold grades above the lower cut-off for the Great Britain JORC Resource base, with 8 holes containing significant intersections. Preliminary structural interpretation suggests influence of high-grade sub-vertical structures with potential to increase the overall size and grade of the deposit.
Mantle is fast-tracking design for an extensive drilling program at its North QLD Gold Projects, where the Granite Castle1 and Great Britain2 Projects already contain significant JORC Compliant Gold and Silver Resources1, 2. A recent review also highlighted thick, high grade and shallow mineralisation at the Balfes Creek prospect (ASX announcement dated 28 February 2013), which is also being targeted for drilling.
MNM Price at posting:
4.8¢ Sentiment: LT Buy Disclosure: Held
