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Metal Hawk (ASX:MHK) - Managing Director, Will Belbin (right) - The Market Herald
Managing Director, Will Belbin (right)
Source: ABC
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  • Metal Hawk (MHK) has uncovered further gold intercepts at its Kanowna East project near Kalgoorlie in WA
  • The most significant new gold intersection was six metres at 3.37g/t gold from 24 metres at the Little Lake prospect
  • The results come from drilling completed at the start of this year and are in addition to strong assay results reported last month
  • Further drilling will continue at Little Lake prospect with the implementation of a track-mounted lake rig
  • Metal Hawk is trading in the red, down 7.69 per cent to 18 cents a share

Metal Hawk (MHK) has uncovered further gold intercepts at its Kanowna East project near Kalgoorlie in WA.

Wide-spaced aircore drilling completed at the start of this year has returned strong assay results in addition to the company's positive results announced last month.

The most significant new gold intersection was six metres at 3.37g/t gold from 24 metres at the Little Lake prospect.

Aircore drilling at this particular prospect has outlined a broad zone of gold mineralisation. This now extends for over 500 metres, is open to the north and east, and remains untested at depth.

“Our systematic gold program at Kanowna East has been progressing well and we are very pleased with the results to date. We will be imminently completing stage one aircore drilling with a lake rig and then drilling will be extended north of Little Lake as we continue to explore along the western margin of the greenstone belt,'' commented Managing Director Will Belbin.

This month, the company will commence the final phase of stage one, consisting of a planned 4000 metres of aircore drilling with a special track-mounted lake rig that can drill sites in and around the fringes of Little Lake and the playa to the south and west.

Stage two drilling is set to begin in Q2 of this year and will include approximately 6000 metres to 8000 metres of aircore drilling.

The further drilling will test for structure-hosted gold mineralisation, defining the extent of gold anomalism over new target areas.

The company is concurrently designing deeper reverse circulation drilling to test the basement source of gold anomalism.

Despite the positive news, Metal Hawk is trading in the red, down 7.69 per cent to 18 cents a share at 1:57 pm AEDT.

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