Tag: 8 Mile

Metal Bank has reached an agreement for the sale of its Triumph gold project in Queensland to private firm XXXX Gold for $6.4 million.

It says the deal will provide additional cash for exploration activities, with its focus firmly placed on the 8 Mile project.

The project has a robust shallow exploration target, with potential for a bulk tonnage target as well, according to Metal Bank executive chair Ines Scotland.

Metal Bank. . .

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Metal Bank has announced a maiden inferred mineral resource for its newly discovered Flori’s Find gold deposit at the 8 Mile Project in south-east Queensland.

Located 18km along strike from Evolution Mining's Mount Rawdon gold mine, the shallow Flori’s Find deposit offers strong potential for rapid evaluation and further growth, the company says.

The inferred mineral resource is 195,000 tonnes at 2.4g/tonne gold (using a 1g/t cut-off).

Metal Bank says that the mineralisation remains open in all directions, with significant strike extent beyond. . .

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Metal Bank says a large gold system is emerging at its 8 Mile Project, near Queensland's Mt Rawdon mine.

The company has received results from a reverse circulation and diamond drilling program designed to investigate near-surface gold mineralisation and investigate initial targets interpreted in the IP geophysical data.

"These early results are exceptional with both the Flori’s Find and Perry prospects quickly evolving into two significant gold systems located 2km apart along the same structural corridor,” managing. . .

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