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MB Gold Limited (ASX:MBG)

ALERT: Price-sensitive ASX Announcement for MBG
Current share price for MBG : $0.150 -0.04 (-21.05%)+
Announcement
Release
20 May 2026 9:25AM
Price at Release
$0.190
Full Release
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Summary
MB Gold Limited announced exceptional initial assay results from its maiden reverse circulation drill program at the Twin Veins Prospect, part of the Marble Bar Gold Project in Western Australia. The results revealed significant gold mineralization, with a notable intercept of 20 meters at 1.74 grams per tonne gold, including 7 meters at 4.06 grams per tonne from a depth of 81 meters in drill hole 26MBRC005. These findings demonstrate the potential of the Twin Veins Prospect. The ongoing drilling campaign, with further results expected soon, is part of a broader 6,000-meter Phase 2 drill program beginning in August that includes additional drilling at Twin Veins and initial exploration at the Razorback Prospect. The project benefits from excellent infrastructure and accessibility, being strategically located within the Pilbara region.
Key Points
  • Exceptional initial assay results from Twin Veins Prospect.
  • Significant gold intercept of 20m @ 1.74g/t Au from 81m.
  • Ongoing drilling with further results expected in three weeks.
  • Phase 2 drill program to commence in August.
  • MB Gold's Marble Bar Gold Project shows high potential.
  • Project location offers excellent infrastructure and accessibility.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.