Manhattan Gold uncovers high-grade polymetallic system at Spectre

Spectre delivers high-grade polymetallic intercepts

Manhattan Gold Corporation Limited (ASX:MHC) has opened a new front at Hook Lake, with maiden drilling at the Spectre volcanogenic massive sulphide target returning a concentrated mix of copper, gold, silver and zinc. The standout result came from SPC26001, which intersected 6.10 metres at 3.18% copper, 1.37g/t gold, 147.9g/t silver and 1.35% zinc from 45.72 metres.

That interval sits within 19.81 metres grading 1.77% copper, 0.80g/t gold, 84.3g/t silver and 2.30% zinc, itself part of a broader 82.3-metre sulphide zone carrying 0.45% copper, 0.21g/t gold, 22.7g/t silver and 1.26% zinc. Separately, the same hole cut a zinc-rich upper zone of 19.82 metres at 5.55% zinc, including 7.62 metres at 13.98% zinc and 3.05 metres at 29.50% zinc.

Second hole repeats mineralisation along strike

The result was not confined to a single hole. SPC26002, drilled 77 metres to the southwest, returned 6.10 metres at 1.10% copper, 0.27g/t gold, 88.3g/t silver and 3.34% zinc from 73.15 metres. It also produced a shorter 1.52-metre interval at 1.50% copper, 0.22g/t gold and 31.9g/t silver.

Both sit within a 39.62-metre zone grading 0.28% copper, 0.09g/t gold, 23.5g/t silver and 1.32% zinc, which also included 9.14 metres at 26.2g/t silver, 2.80% zinc and 0.45% lead. SPC26003, collared 341 metres northeast of SPC26002, added a broader but lower-grade 15.24-metre gold-silver intersection at 0.13g/t gold and 23.7g/t silver.

Spectre expands Hook Lake’s exploration mix

Manhattan said the first three holes have intersected mineralisation across a 340-metre strike length, with the system remaining open along strike and untested at depth. The company describes the geology as massive sulphide lenses containing pyrite, sphalerite and chalcopyrite, with lesser galena, alongside broader veinlet and disseminated sulphides.

Spectre sits 26 kilometres southwest of the Jaws gold target, giving Hook Lake a second distinct exploration story. The company’s latest result also follows the earlier , which had identified Spectre VMS and Lotus as part of the outstanding assay pipeline.

The contrast with Jaws matters, although neither project has reached the resource-definition stage. Jaws is the more advanced gold target and has recently produced wide gold intercepts, while Spectre adds exposure to base metals and silver. The historical Jaws estimate cited by Manhattan is expressly a foreign estimate and is not compliant with the JORC 2012 reporting standard.

Follow-up drilling and assays remain the test

Seven drillholes from Jaws, Quantum, Lotus and Omega are still awaiting assays. At Spectre, Manhattan plans follow-up diamond drilling to test depth and strike extensions, while metallurgical test work is being prepared and the company continues to combine drilling with magnetic, LiDAR and till-geochemistry datasets for its 2027 exploration planning.

The headline grades are notable, but the technical qualifiers are equally important: all reported intervals are drilled lengths rather than true thicknesses, drilling density is not yet sufficient to establish grade continuity, and the results do not constitute a mineral resource or reserve. The next campaign will need to show whether Spectre’s high-grade lenses persist with enough geometry, continuity and metallurgical characteristics to move beyond an encouraging exploration target.