MB Gold reports 20m at 1.74g/t gold intercept in maiden Twin Veins drilling
MB Gold has delivered its widest significant gold intercept to date at the Twin Veins Prospect, with drilling ongoing and a second phase planned to expand exploration across the Marble Bar Gold Project.
- 20m at 1.74g/t Au including 7m at 4.06g/t Au intercept
- 3,735m completed of 6,000m Phase 1 RC drilling
- Phase 2 drilling to start in August targeting multiple prospects
- Further assays pending from 14 drill holes
- Project benefits from strong infrastructure and strategic location
Record Intercept Confirms Twin Veins Potential
MB Gold Limited (ASX:MBG) has revealed a standout 20-metre gold intercept grading 1.74 grams per tonne (g/t) from 81 metres depth at its Twin Veins Prospect, part of the Marble Bar Gold Project in Western Australia's Pilbara region. This includes a higher-grade 7-metre section averaging 4.06g/t Au, marking the widest significant mineralised intercept recorded at Twin Veins to date. These initial results come from the first six holes of a maiden reverse circulation (RC) drilling program, underlining the prospect’s growing promise.
The Phase 1 drilling campaign has reached 3,735 metres out of a planned 6,000 metres, with assays from an additional 14 holes currently awaited. The company expects these results in approximately three weeks, maintaining a steady flow of news as exploration advances. CEO Logan Barber highlighted the significance of the intercept, noting it as a strong indicator of the project's broader gold potential.
Expanding Exploration Across Multiple Prospects
Following the encouraging early results at Twin Veins, MB Gold is preparing for a 6,000-metre Phase 2 RC drill program set to commence in August. This next stage will not only include follow-up drilling at Twin Veins but also extend to the Douglas Find and Razorback prospects, the latter located about 5 kilometres east of Twin Veins. The company is strategically advancing its exploration footprint to capitalize on the 12-kilometre strike length of gold-in-soil anomalies identified across the project.
MB Gold’s ongoing drilling program builds on momentum from its recent oversubscribed $9 million IPO, which funded the initial exploration push. The company also benefits from excellent infrastructure, with the project situated 150 kilometres from Port Hedland and close to established mining operations such as AIM Mining’s Warrawoona site.
Heritage Clearance and Royalty Termination Pave Way for Growth
In a parallel development that smooths the path for upcoming drilling phases, MB Gold recently completed a heritage survey at the Razorback Prospect in collaboration with Nyamal Traditional Owners. This milestone was accompanied by the termination of a 0.75% net smelter royalty through a share issuance, removing a potential cost burden on future production. These steps underscore MB Gold’s commitment to responsible exploration and community engagement in the Pilbara.
With a robust pipeline of assay results expected and a clear plan to escalate drilling activities, MB Gold is positioning itself to unlock further value from the Marble Bar Gold Project. The company’s methodical approach to exploration and infrastructure advantage provide a solid foundation for potential resource growth in a historically underexplored but highly prospective region.
Bottom Line?
Upcoming assay results and Phase 2 drilling will be pivotal in defining the scale and continuity of gold mineralisation at Marble Bar.
Questions in the middle?
- Will the pending assays confirm and extend the high-grade zones at Twin Veins?
- How will Phase 2 drilling results impact MB Gold's resource estimates and project valuation?
- What exploration insights will emerge from initial drilling at the Razorback prospect?
