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Pre-project mapping and geochemical sampling near Thylacine and other regional prospects have seen Western Australian explorer Metal Hawk (ASX:MHK) add several “exciting” high-grade gold targets to its maiden drilling plans.
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Metal Hawk has been prepping for reverse-core drilling runs at its Thylacine and Siberian Tiger prospects since spotting surface gold at Leinster South in 2024.
Now, weeks out from first drill, the explorer has spotted even more to be excited about.
The main excitement includes several new gold prospects ranging from further mineralised quartz veins at Thylacine, Thylacine East, and at the Thylacine Camp to more discoveries at the White Tiger prospect, established more recently.
Best assay results included as much as 24.56 grams per tonne of gold pulled from the “25DR171” hole and 12.48 grams per tonne of gold from the nearby “25DR011.”
At the granite-hosted quartz vein, the top hit was 40.22 g/t Au, the company reported.
The discoveries have allowed Metal Hawk to expand the mineralised footprint of Thylacine’s prospect area out to 900 metres by 150 metres ā a “very pleasing” bump.
“It will be very exciting to drill some relatively deep diamond holes early on at both the Thylacine and Siberian Tiger prospects,” Metal Hawk’s managing director, Will Belbin, declared after the company shared the new hits.
Regional field activities have been progressing well, Mr Belbin added, and “will ultimately result in [even more] new gold prospects and drill targets” for the explorer.
There are still some gates Red Hawk has to step through before everything really gets underway, including the impending results of a heritage survey run by the Darlot Watarra group and a site survey report ā both of which need to come back before the explorer can actually get started on site access work.
One thing’s for sure, though: “It is a very exciting time for Metal Hawk shareholders.”
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All the excitement among Metal Hawk holders has only been compounded by the other news in the company’s June 5 release, too: The Western Australian government has awarded the explorer $180,000 for its diamond drilling.
This $180K grant, handed out as part of the Exploration Incentive Scheme run by the Western government, will go towards future Leinster South expansions.
Before open, MHK shares have been at 46.5 cents; expect a +4% pop at 10am today.
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