MHC has received assay results from New Bendigo South, Silverton and partial results from Pioneer located ~17 km from New Bendigo where limited historic drilling returned 3m at 4.89 (AWNPN02A) and 2m at 14.72 (TP003A) g/t Au. Drilling successfully intersected high-grade gold at depth underneath AWNPN02A. Drilling returned:

  • 5m at 6.96 g/t Au from 199m (PN0002).

All assays have now been received from RC drilling completed at New Bendigo where seventeen (17) Reverse Circulation (RC) holes (NB0108-124) for 2,446 were completed in April 2022. Results received include:

  • 13m at 6.16 g/t Au from 50m (NB0122), including:
    • 3m at 25.48 g/t Au from 51m
  • 8m at 2.52/g/t Au from 70m (NB0122), including:
    • 1m at 17.85 g/t Au from 72m (NB0122)
  • 3m at 4.32 g/t Au from 10m (NB0110)
  • 4m at 1.87 g/t from 6m (NB0123)

These results are in addition to the recently reported results from this drill campaign that included:

  • 7m at 13.10 g/t Au from 97m (NB0113), including
    • 5m at 18.01 g/t Au from 97m
  • 1m at 11.10 g/t Au from 9m (NB0114)