Manhattan Corporation to launch extensive exploration campaign at Tibooburra gold project
Junior explorer Manhattan Corporation (ASX: MHC) has confirmed it will mobilise a rig and technical crew to site in preparation for an extensive exploration campaign at its flagship Tibooburra project in New South Wales’ emerging Koonenberry gold district.
The 10,000m reverse circulation campaign will comprise multiple smaller programs targeting the Main Zone, Pioneer, Western Lode, New Southern Zone and Clone prospects which are believed to have the potential to host significant shallow and high-grade mineralisation.
Approximately 2,500m of diamond drilling is expected to follow to aid the planning and targeting of deeper mineralisation down plunge of the reverse circulation intercepts.
New Bendigo drilling
In November, Manhattan completed 20 holes for a total 2,131m which focused on testing the shallow nature of mineralisation at the New Bendigo prospect, including north plunging shoots within the lower grade north-northwest trending mineralised corridor over 650m of strike.
Drilling returned significant mineralisation in addition to the previously-reported near surface, high-grade central zone.
Highlight results were 8m at 40.5 grams per tonne gold from 70m, including 3m at 105.34g/t gold; 16m at 13.89g/t gold from 1m, including 3m at 69.20g/t gold; 7m at 2.89g/t gold from 56m, including 1m at 15.45g/t gold; 6m at 1.93g/t gold from 12m, including 2m at 4.29g/t gold; 3m at 4.67g/t gold from 126m, including 2m at 6.74g/t gold; and 8m at 1.08g/t gold from 18m.
Drilling also increased the mineralised footprint within the broader, lower grade halo of the north-northwest trending regional shear with all holes reporting mineralisation which remains open along strike to the south, north and down-dip.
The results included 5m at 1.03g/t gold from 31m; and 4m at 2.16g/t gold from 24m.
Manhattan said drilling completed at the Main Zone prospect had tested only a small portion of an elongated 5km-long soil anomaly, where historic workings extend over at least 1.5km of strike.
The highly-prospective Tibooburra project comprises a contiguous land package of 11 granted exploration licences and four applications across 2,200 square kilometres, approximately 200km north of Broken Hill.
The project became part of Manhattan’s portfolio in 2019 when the company acquired 100% of Perth-based gold explorer and Tibooburra owner Awati Resources.
The acquisition provides Manhattan with a high-grade gold project in an emerging district which has potential to host multi-million-ounce orogenic gold deposits similar to the nearby Fosterville operation owned by Kirkland Lake Gold (ASX: KLA).