Metal Bank holds two high quality large scale gold projects with multi-million-ounce potential in a region that hosts several gold mines including the Cracow (3Moz Au), and Mt Rawdon (2Moz Au) gold mines as well as the historical Mt Morgan deposit (8Moz Au).
The 8 Mile project is located near the Mt Rawdon gold deposit in south-east Queensland, Australia. Multiple large-scale targets have been identified along >3.6km mineralized corridor at the Eastern Target, including a maiden Inferred Mineral Resource and Exploration Target at the Flori’s Find Prospect. The Western Target and northern extensions of the Eastern Target remain untested.
The Eidsvold project presents a drill ready 7km² opportunity at its Great Eastern Target of a similar scale and geophysical response to the 3 M oz Au Mt Leyshon deposit and close to the Eidsvold historical goldfield with 100,000oz Au historical production.