Metal Bank Ltd. is pleased to announce that it has signed a non-binding Memorandum of Understanding with Terra Mining, a highly regarded mining contractor, to form the basis for negotiation of a binding agreement for contract mining and crushing services at the Seven Leaders deposit, part of the larger Whiteheads project. Highlights: - MOU with Terra Mining to negotiate and complete a contract for mining and crushing [...]
Metal Bank is pleased to provide the following drilling update from the Triumph Project in southeast Queensland, Australia. Results have been received from an initial diamond drilling programme (8 holes for 1012.5m) testing various Induced Polarisation (IP) geophysical targets under shallow cover. Highlights: - 20 meter outer zone of mineralised intense alteration consistent with a bulk tonnage Au-Cu-Mo system [...]
Metal Bank is pleased to provide the following update on the Triumph project, eastern Australia following an aircore bedrock drilling programme combined with a project-wide review. Highlights: Orientation bedrock sampling (aircore) has defined new gold targets under shallow cover. These encouraging results confirm the undercover prospectivity of the Triumph project highlighted by the recent high grade gold drill results [...]
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