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Manhattan Gold Corporation has kicked another goal at the company\u2019s Hook Lake project in Canada, with its maiden drilling campaign continuing to deliver high-grade gold and significantly expanding the footprint of its flagship Jaws prospect.<\/p>\n
The company\u2019s latest results include a shallow, high-grade hit of 15.24 metres grading an impressive 5.35 grams per tonne (g\/t) gold from just 35.05m downhole, contained within a broader 74.67 metre zone running 1.61g\/t gold.<\/p>\n
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A reverse circulation drill rig at the Jaws prospect targeting historic gold mineralisation at Manhattan Gold Corporation\u2019s Hook Lake project in Nunavut, Canada.<\/p>\n
A second hole returned 7.62m at a hefty 7.05g\/t gold from 82.3m within a wider 51.82-metre section at 1.88g\/t gold. The hole also confirmed mineralisation at depth with 24.38m grading 1.15g\/t gold from 204.22m.<\/p>\n
The drilling has materially expanded the footprint of the gold-bearing system at Jaws, materially extending it by more than 290m to the northeast and taking the total drill-tested strike length to 588m. Notably, the system has also been confirmed to a vertical depth of 223m, well below the extent of any historic drilling.<\/p>\n
\u2018These results materially strengthen the case for both scale and grade at Jaws.\u2019<\/p>\n
Manhattan Gold Corporation technical; advisor Eric Sondergaard<\/p>\n
The results are the latest in a string of successes from Manhattan\u2019s first-ever drill program at the project, which sits in the tier-one mining jurisdiction of Nunavut. Last month, the company\u2019s first assays from Jaws returned an impressive intercept of 41.15 metres at 4.66g\/t gold.<\/p>\n
Manhattan Gold Corporation technical advisor Eric Sondergaard said: \u201cThese results materially strengthen the case for both scale and grade at Jaws.We are now seeing grade, width and scale come together across a system that remains open at depth and along strike. Jaws is developing into a substantially larger and more compelling gold system than the historic work suggested.\u201d<\/p>\n
Manhattan bought the Hook Lake project in mid-2025, picking up ground that hosted a historical, non-JORC \u201cforeign\u201d estimate from the late 1980\u2019s of 3.4 million tonnes grading 2.38g\/t gold for 285,000 ounces at Jaws.<\/p>\n
The 665-square-kilometre Hook Lake project runs along the underexplored Rankin-Ennadai greenstone belt, a geological feature that houses mining giant Agnico Eagle\u2019s 6.7-million-ounce Meliadine operation, 225 kilometres to the northeast and one of Canada\u2019s largest gold mines. Peers such as B2Gold and BG Gold are also advancing programs, underscoring the district-scale appetite for new ounces.<\/p>\n
The company\u2019s thesis was that modern exploration could build substantially on the old data, and its maiden drill program appears to be proving the point, consistently delivering thicker and higher-grade intercepts than the historic work.<\/p>\n
With Jaws now shaping up as a significantly larger and higher-grade gold system than historic work suggested, Manhattan is pushing ahead with metallurgical test work to lay the groundwork for future technical studies.<\/p>\n
And the news flow looks set to continue, with a further 14 drill holes from the current campaign still at the laboratory pending assay. The pending assays also include the first-ever drill tests of the company\u2019s Spectre and Lotus prospects. Spectre is a high-grade volcanogenic massive sulphide target where historic drilling in 1974 returned impressive polymetallic hits including 10.51 metres at 2.91 per cent copper, 6.70 per cent zinc, 95.67g\/t silver and 1.04g\/t gold.<\/p>\n
The Lotus prospect, described as a \u201cJaws-style\u201d gold target, has never been drilled despite rock chip sampling in 2025 returning high-grade results of 8.01g\/t gold and 2660g\/t silver.<\/p>\n
It\u2019s one thing to pick up a project with a historical resource; however, it\u2019s another to consistently punch out intercepts that are thicker and higher in grade than the old drilling. With a rapidly expanding mineralised footprint at Jaws and a conga line of assays still in the lab, the odds on Manhattan\u2019s Canadian gold punt appear to be shortening fast.<\/p>\n
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au<\/a> <\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n