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MB Gold Limited (ASX:MBG)

ALERT: Price-sensitive ASX Announcement for MBG
Current share price for MBG : $0.130 -0.045 (-25.71%)+
Announcement
Release
15 Jun 2026 9:22AM
Price at Release
$0.175
Full Release
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Summary
MB Gold Limited has announced further positive assay results from its maiden reverse circulation drill program at the Twin Veins Prospect, part of the Marble Bar Gold Project located in the Pilbara region of Western Australia. These results, which include significant gold intercepts such as 8m at 2.5g/t Au and 5m at 1.25g/t Au, have enhanced the company's understanding of gold mineralization and the potential for multiple high-grade shoots at Twin Veins. The Phase 1 drill program has been completed safely, and a Phase 2 drill program of 6,000 meters is planned to further explore these promising zones. Additionally, a drone LIDAR survey and an upcoming airborne hyperspectral survey are set to aid in future exploration and targeting efforts.
Key Points
  • Further positive assay results received from the Twin Veins Prospect.
  • Significant intercepts include 8m at 2.5g/t Au and 5m at 1.25g/t Au.
  • Phase 1 drilling program completed with over 6,000 meters drilled.
  • Phase 2 drilling program of 6,000 meters planned.
  • Drone LIDAR survey completed for high-resolution topography.
  • Upcoming airborne hyperspectral survey to identify new targets.
  • Increased understanding of high-grade mineralization geometry.
  • Potential for multiple high-grade shoots identified.
  • MB Gold Limited's Marble Bar Gold Project located in Western Australia.
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.