The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Leinster South Update

by admin September 3, 2024
September 3, 2024
Leinster South Update

Metal Hawk Limited (ASX: MHK, “Metal Hawk” or the “Company”) is pleased to provide an exploration update for its 100% owned Leinster South project, located 30km south of Leinster in the Western Australian goldfields. Since the Company returned high-grade gold results from rockchip sampling at the Siberian Tiger prospect (see ASX announcement 5 August 2024), further exploration activities have commenced and Metal Hawk is progressing towards a maiden drilling program at the prospect as soon as possible.

High resolution UAV (drone) magnetic survey underway at Leinster South, covering the majority of western tenement E 36/1068 which includes the Siberian Tiger gold prospect.
New detailed geophysical data will significantly enhance the geological and structural understanding of the project area and will further assist Metal Hawk with identifying targets for drilling.Reconnaissance rockchip samples at Siberian Tiger returned high grade gold up to 20.2g/t from outcropping quartz veining. Additional samples of outcropping quartz veins along strike from Siberian Tiger have been delivered to the laboratory for gold and multi-element analysis.New tenement applications expand the Leinster South project area to over 430km2.
Heritage negotiations and drilling approvals are underway.

The Company recently applied for two new exploration licenses to the east of Siberian Tiger, increasing the Leinster South project area to more than 430km2. This is a significant landholding in one of the most well-endowed gold regions of WA. The Siberian Tiger gold discovery is located along the southern limb of the Lawlers anticline and only 15km from the Lawlers mining centre (Figure 1). Past production from the Agnew – Lawlers deposits is > 5 million oz @ 5gt Au1.

A high-resolution UAV (drone) magnetic survey has commenced, with 50m spaced east-west lines at a flying height of 25m conducted over the majority of Leinster South tenement E36/1068, which includes the Siberian Tiger gold prospect. The Pegasus Airborne UAV system is able to quickly and efficiently provide high quality, detailed magnetic data which can be used to identify important structures and geological features of gold deposits. The magnetic survey will assist Metal Hawk geologists with targeting at Siberian Tiger and other regional prospect areas. Processing and interpretation of geophysical data will be carried out immediately following completion of the survey, which is expected to take 3-4 days.

Metal Hawk’s Managing Director Will Belbin commented: “We are collecting important geochemical, structural and geophysical data to better understand the controls and potential characteristics of gold mineralisation in the area. The drone magnetic survey will enable better interpretation of the subsurface geology and ultimately help us to determine the best possible target locations for the maiden drilling program at Siberian Tiger.”

“Whilst the historical geophysical dataset over the Leinster South tenure is poor, we expect that the new magnetic survey will show excellent detail and key structural features of the pronounced southeast trending greenstone belt.”

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Prime Minister Leads Joint Government Tour of Collie Graphite Facility
next post
With 3 days until voting starts, ‘election season’ kicks off sooner than you think

Related Posts

Appeals Court Grants Trump Temporary Reprieve on Tariffs,...

May 31, 2025

E25 Optimises Plant Design as Butcherbird Expansion Accelerates...

May 13, 2024

Trump Presidency: A Threat to EV Growth and...

August 30, 2024

Gold Rally Sparks Renewed Investor Rush Into Mining...

April 17, 2025

Electra Battery Materials Secures US$20 Million Grant for...

August 23, 2024

Silver Crown Royalties Purchases 1,000 Ounces of Physical...

April 9, 2025

Top 5 Most-popular Gold News Stories of 2024

December 31, 2024

How Will the US Election Affect the Crypto...

August 21, 2024

Crypto Market Recap: FTX Starts Debt Repayment, SOL...

February 20, 2025

Tech 5: Musk Faces SEC Clash, Broadcom Surges,...

December 15, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,430)
    • Investing (3,515)
    • Politics (4,746)
    • World (4,650)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved