8 Mile Project

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 8 Mile Project  – (100% MBK) – Gold

The 8 Mile project (centred on the Perry goldfield) represents a large hydrothermal mineral system near the Mt Rawdon gold mine (2Moz). Exploration results to date highlight >3.6km of strike potential on the Eastern Target. Limited drilling to date has targeted two prospects (Perry and Flori’s Find prospects) along the mineralised zone intersecting broad zones of gold associated with a large intrusion related gold system.

Multiple alteration targets identified from reprocessed airborne geophysics data is interpreted to represent a large-scale hydrothermal gold system, supported by previous wide-spaced stream sediment geochemical data collected during the 1980’s and 1990’s.

The licence application also includes the historical Perry goldfields in the south-east of the application area, where limited previous drilling completed by Placer Exploration in 1995 intersected broad low-grade gold intersections as part of a porphyry-style gold system.

8 Mile Project – Eastern Target

07/11/2019 – Large Gold System Emerging at 8Mile
23/07/2019 – Extensive Gold Zones Intersected in Initial Drilling
01/04/2019 – Large Gold System Defined on Eastern Target
21/08/2018 – New Gold Project near Mt Rawdon Gold Mine

 


Competent Persons Statement The information in this document that relates to Exploration Results is based on information compiled or reviewed by Mr Tony Schreck, who is a Member of The Australasian Institute of Geoscientists. Mr Schreck is an employee of the Company. Mr Schreck has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Schreck consents to the inclusion in the report of the matters based on his information in the form and context in which it applies. The Exploration Targets described in this summary of projects are conceptual in nature and there is insufficient information to establish whether further exploration will result in the determination of Mineral Resources. Any resources referred to in this summary are not based on estimations of Ore Reserves or Mineral Resources made in accordance with the JORC Code and caution should be exercised in any external technical or economic evaluation.

Metal Bank Limited

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