MB Gold Limited (ASX: MBG) | New gold zone discovered at Twin Veins East
MB Gold (ASX: MBG) has released further assay results from its maiden RC drilling program at the Marble Bar Gold Project in Western Australia. The headline result from Twin Veins East is 2 metres at 6.73 grams per tonne gold from 39 metres, including 1 metre at 13.12 grams per tonne. The company says these results represent a new gold zone located approximately 500 metres east of the known Twin Veins high-grade shoots.
In this episode, we break down the latest drilling results from Twin Veins East, the completion of Phase 1 assay reporting across the Twin Veins and Douglas Find prospects, and the exploration activities the company has outlined for Phase 2. Additional intercepts from Twin Veins East include 3 metres at 2.31 grams per tonne gold and 1 metre at 6.8 grams per tonne gold. Final assay results from the Douglas Find Prospect were also released, with the best reported intercept of 1 metre at 2.16 grams per tonne gold.
The company has outlined Phase 2 drilling at Twin Veins, Douglas Find and the Razorback Prospect. An EIS-supported Induced Polarisation (IP) survey is nearing completion, while a recently completed LiDAR survey and an upcoming HYMAP survey will be used to support future exploration targeting, including at the Murphy Well Prospect. The announcement also notes that gold-in-soil geochemical anomalies extend over approximately 12 kilometres between the Douglas Find and Razorback prospects.
Key facts covered in this episode:
Headline intercept: 2m @ 6.73g/t Au, including 1m @ 13.12g/t Au
Company says results represent a new gold zone approximately 500m east of the known Twin Veins high-grade shoots
Twin Veins gold-in-soil anomaly extends 1.5km
Additional intercepts of 3m @ 2.31g/t Au and 1m @ 6.8g/t Au
Douglas Find best reported intercept: 1m @ 2.16g/t Au
Phase 1 assay reporting completed for the Twin Veins and Douglas Find prospects
Phase 2 to include extension drilling at Twin Veins and Douglas Find, and initial drilling at the Razorback Prospect
IP, LiDAR and HYMAP surveys to support future exploration targeting, including Murphy Well
This episode is for information purposes only and does not constitute financial advice. Listeners should conduct their own research and consider their own financial circumstances before making any investment decisions.