HANKING GOLD (03788): Drilling confirms significant gold mineralization at the historical waste rock pile of the MT BUNDY gold project RUSTLERS ROOST.
Hankang Gold (03788) announced that it has completed the reverse circulation drilling project on the historical waste rock pile of the Rustlers Roost gold deposit under the Mt Bundy gold mining project, which is wholly owned by the company and located in the Northern Territory of Australia. A total of 41 reverse circulation drill holes were constructed, with a total depth of 960 meters, covering the entire area of the waste rock pile. The drilling confirmed the presence of gold mineralization throughout the entire waste rock pile, with grades significantly higher than the cut-off grades used in the final feasibility study (Feasibility Study) for the Mt Bundy gold project. This portion of material is oxidized ore, which has been mined and crushed, and is adjacent to the proposed processing plant currently under construction; it was not included in the mineral resource and ore reserve estimates that form the basis of the final feasibility study.
HANKING GOLD (03788) announced that it has completed a reverse circulation drilling project on the historical waste rock piles of the Rustlers Roost gold deposit, part of the wholly-owned Mt Bundy gold project located in the Northern Territory of Australia. A total of 41 reverse circulation drill holes were completed, with a total depth of 960 meters, covering the entire waste rock pile area. The drilling confirmed that gold mineralization is present throughout the entire waste rock pile, with grades significantly higher than the cutoff grade used in the final feasibility study of the Mt Bundy gold project. This material is oxidized ore, and mining and crushing have been completed, located adjacent to the proposed processing plant currently under construction; it was not included in the estimates of mineral resources and ore reserves that formed the basis for the final feasibility study.
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