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- Manhattan Corporation (MHC) has announced its drilling crew have arrived at New Bendigo ahead of a drilling program that will start next week
- The reverse circulation drilling program is a follow-up to test the recently discovered shallow-grade Western Lode at New Bendigo
- Additionally, the company has already advanced its plans for an aircore drilling program to commence by August 24
- The drilling is specifically targeting the area between the Western Lode and Main Zone, where there has been no drilling activity
- On market close, Manhattan is up 2.94 per cent and is trading for 3.5 cents per share
Manhattan Corporation’s (MHC) drilling crew have arrived at New Bendigo preparing for a drilling program which is expected to start next week.
The New Bendigo deposit is part of the company’s Tibooburra Gold Project in New South Wales.
The drilling program includes reverse circulation drilling for 5000 metres. The program is a follow-up to test the recently discovered shallow-grade Western Lode at New Bendigo.
Manhattan recently found seven metres at 18.16g/t of gold from 87 metres within Western Lode.
Additionally, the company has already advanced its plans for an aircore drilling program to target the extents of the known mineralisation at the project. Aircore drilling is scheduled to commence by August 24.
The drilling is specifically targeting the area between the Western Lode and Main Zone, where there has been no drilling activity.
“The planned RC and aircore drilling at New Bendigo will further advance the understanding of the mineralisation,” the company told the market.
Manhattan is also planning to drill test the Big Ego target, formally known as South Bendigo, which is located around four kilometres south of New Bendigo.
On market close, Manhattan is up 2.94 per cent and is trading for 3.5 cents per share.
