Mantle Minerals Limited (ASX: MTL) announced the upcoming commencement of deep reverse circulation drilling at Roberts Hill (E47/3846) and Mount Berghaus (E45/5899). This exciting initiative will involve drilling eleven holes totaling 3,080 meters and aims to test promising gold mineralization based on air-core drilling results. Many intersections show over 0.5 grams/tonne of gold in basement rocks. These intersections are located within oxidized and semi-oxidized stones, presenting a compelling opportunity for potential gold discoveries. RC drilling beneath air-core intersections has uncovered similar gold deposits in the area. This is significant, as it suggests that deeper drilling into fresh basement rocks may unveil even more substantial gold deposits.
Additionally, Mantle has secured commitments totaling AU$ 700,000 from sophisticated and professional investors to fund this pivotal drilling program by issuing convertible notes. This strong show of support underscores the confidence in these projects' potential and the exciting prospects they hold for gold exploration.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 20, 2024
Nov 20, 2024
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
